What do I do about these feelings?

If you are feeling this way, the first thing to do is self-assess where it’s coming from.

Most oftenbut not alwaysit stems from one of two scenarios.

Alexandra Engler

The second: if you grew up with scarce or unstable finances.

Starting with theemotional baggage issue: Perhaps you’ve come into money from inheritance.

Perhaps you were born with a trust fund.

Everything You Need to Know About Your Money Hangups

These can trigger guilt because you feel that you have more than others, maybe unfairly.

And it’s not a bad thing to befrugal, even if you have the means to spend more.

The only issue arises when you are frugal to a fault, says Tessler.

Say, for example, you refuse to spend money on things that could improve your well-being.

But, says Tessler, both of these scenarios should come with a plan.

How much will be redirected to these new areas and from where?"

“And everyone’s map is going to look different!”

But having the plan on paper will help ease you into your new guilt-free (or lower-guilt) expenditures.