The A in ATM stands for “automatic” but every time many people go to one there is a moment if genuine anxiety. “Will anything come out?” “Will it make the scary beeping noises?” “When was the last time I even checked my balance?”
An 'Anxiety Teller Machine' exists for many reasons.
Maybe you’re not earning enough, maybe you're spending too much or, possibly, the idea of even dealing with your finances is what gives you a panic attack and the ATM is used as a lucky dip.
The good news is that if you get butterflies in your stomach when thinking about money, you’re not alone. With one in six Australians worried they might not make their next mortgage payment, break the avoidance to help your emotional state and your bank balance. With just a little bit of effort you can manage it.
Acknowledge what you do have
Getting the hard facts, like what your essential spending is vs discretionary spending, and accepting them for the time being is essential.
Change what you don’t like
If you’re unimpressed with your take home pay, it might be within your power to change it. Maybe it’s time to renegotiate with an employer, go after a promotion or look into new companies that may value your skills more. Naturally, some times changing a job is not realistic, but the power might still remain with you.
Reevaluating and tweaking your lifestyle might be necessary. At the end of the day, fewer nights out mean fewer trips to the ATM.
Understand what is essential and what isn’t
This will inevitably bring peace of mind. Maybe you have subscriptions with direct debits resulting in ATM shock. Maybe you have been overpaying for services that could be found elsewhere for a fraction of the price. Maybe you spot something on your statement you thought you cancelled months ago.
Track what it is you do with your time and money to really understand what is happening.
Whatever it is that you need, acknowledging it and dealing with it can release the anxiety and, potentially, replace it with a nice sound when going to the automatic teller machine.
My Income Organiser