Anxiety and money management

The generation of stress and financial anxiety is the result of a person's inability to cope with adversities and unforeseen events of an economic nature, poor financial education and poor management of money, which can arise at any time. . Thus, this research seeks to identify the presence of psychosocial factors that people do not know how to recognize, associated with the interpretation of reality that converges between the subjective and objective, between a present desire and the anguish of the future future. A lack of cognitive capacity to unravel the psychological networks created by the individual for several years, based on beliefs, experiences and bad habits, mostly physical and cognitive - economic. Being a non-experimental, exploratory type of research, with a quantitative approach, using the inductive, analytical-synthetic method. Taking as a sample, 219 people between 20 and 40 years old, currently working and studying, using a questionnaire of 22 questions on a Likert scale. Which shows little information on financial issues, lack of knowledge of the symptoms and emotions that can arise as a result of stress and financial anxiety. Concluding that continuing education in financial issues and money management is necessary and indispensable; as well as recognizing that anyone can experience stress and anxiety in various contexts and going to specialized doctors for optimal treatment using therapies such as Gestalt that serve as a catalyst for emotions.

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Publication Details

Journal
Journal Economic History
Published
2024-12-30
DOI
https://doi.org/10.35429/jeh.2024.8.14.4.7
Primary Topic
Islamic Finance and Banking Studies
Type
article
Field-Weighted Citation Impact
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article

Anxiety and money management

Jessica Sandoval-Palomares
Journal Economic History
Islamic Finance and Banking Studies
article

Anxiety and money management

Jessica Sandoval-Palomares
article en

Abstract

The generation of stress and financial anxiety is the result of a person's inability to cope with adversities and unforeseen events of an economic nature, poor financial education and poor management of money, which can arise at any time. . Thus, this research seeks to identify the presence of psychosocial factors that people do not know how to recognize, associated with the interpretation of reality that converges between the subjective and objective, between a present desire and the anguish of the future future. A lack of cognitive capacity to unravel the psychological networks created by the individual for several years, based on beliefs, experiences and bad habits, mostly physical and cognitive - economic. Being a non-experimental, exploratory type of research, with a quantitative approach, using the inductive, analytical-synthetic method. Taking as a sample, 219 people between 20 and 40 years old, currently working and studying, using a questionnaire of 22 questions on a Likert scale. Which shows little information on financial issues, lack of knowledge of the symptoms and emotions that can arise as a result of stress and financial anxiety. Concluding that continuing education in financial issues and money management is necessary and indispensable; as well as recognizing that anyone can experience stress and anxiety in various contexts and going to specialized doctors for optimal treatment using therapies such as Gestalt that serve as a catalyst for emotions.

Journal Economic HistoryVol. 8(14)
Instituto Tecnológico de León (MX), Universidad Tecnológica de León
No poverty
Openalex Percentile: Top 59%
Islamic Finance and Banking Studies
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