Coping With Grief After Losing Money

Have you recently experienced a financial setback? If so, you may be experiencing sadness, anger, fear, and all the other emotions commonly associated with grief. But isn’t grief usually reserved for illness and death? That’s actually not the case—grief can result from the loss of anyone or anything, including money.

Financial grief often tends to be about more than the money itself—it also centers on the loss of security as well as the loss of dreams that could only have been realized with those assets. For instance, parents may grieve not being able to pay for their children’s schooling, and older individuals may grieve not being able to retire as planned. And if someone is unable to make their mortgage payments, they may also grieve the loss of their family home.

Tips for Healing From Financial Loss

Financial grief can be incredibly difficult to experience, but it’s not an insurmountable obstacle. If you’re grieving a monetary loss, you should:

• Acknowledge that you have a right to feel the way you do
• Reach out to friends and family members for emotional support
• Speak to a professional about the way you’re feeling
• Focus on other positive aspects of your life
• Think back to times when you’ve overcome challenges in the past
• Try to think of this loss as a learning experience

Are You Coping With the Loss of Money?

If you’ve recently suffered the loss of a significant sum of money, contact us today. We specialize in grief and healing from loss, and we can help you move forward with your life. We’ll be happy to tell you more about our practice, schedule a therapy appointment, and answer any questions you might have.