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  • Writer's pictureSarah Carlson

How to Overcome the Fear of Running Out of Money

Women have unique money challenges and face different financial obstacles than men. Because of this, it's no surprise that a lot of us suffer from money anxiety or what some experts call "the fear of running out of money."

In my upcoming book, Facing Financial Fears, we look at how certain doubts can cripple your financial future and how to overcome them. The fear of running out of money can be paralyzing and prevent women from taking control of their finances. Fortunately, there are things we can do to overcome this fear. Here are three tips:

1. Understand Your Relationship with Money

The first step to overcoming the fear of running out of money is understanding your relationship with money:

  • What are your earliest memories of money?

  • What messages did you learn about money growing up?

  • Do you tend to spend impulsively or save carefully?

It's important to take inventory of your thoughts and feelings about money so that you can start changing any negative patterns.

2. Get Organized and Make a Plan

After you've taken some time to understand your relationship with money, it's time to get organized. This means creating a budget and having a clear understanding of your income, expenses, and debts.

Once you know where you stand financially, you can start to make a plan for how to reach your financial goals. This will help reduce stress and give you a sense of control.

3. Seek Professional Help If Needed

If you find that you're still struggling with anxiety around money, it might be helpful to seek professional help. A financial planner who understands and has gone through similar experiences can help you work through any deep-seated issues and develop a plan for moving forward.

This is a game-changer for many women in terms of overcoming the fear of running out of money.


Money anxiety is common among women but it doesn't have to be something we just accept as part of our lives. By taking some time to understand our relationship with money, getting organized, and seeking professional help if needed, we can start to overcome the fear of running out of money once and for all.

How can I Help You Live Your Desired Lifestyle?

I’m offering you a complimentary one-on-one session where we discuss your goals and dreams. Let’s chat, I’d love to listen and understand your unique situation.

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