10 Signs You're Too Obsessed With Money

Money is essential — there’s no doubt about it. And the latest research even shows that money can buy happiness. But there is such a thing as being too obsessed with boosting your bank account . For some, it can impact your relationships, mental wellness, and long-term happiness.

Here are 10 signs you may need to dial back on your obsession with money.

1. You can’t stop checking your bank account

Do you find yourself constantly checking your bank account, logging in several times a day from your laptop or app? Keeping a watch on your money is smart, but not to the point that it becomes a compulsive habit.

With a healthy balance and confidence in your financial management ability, you shouldn’t need to check up on your money so often. Anxiety is likely driving your need to look at the balance several times a day instead of focusing on other parts of your life, like friends, family, and hobbies.

2. You worry about money even when you’re doing well

Even if you have a solid emergency fund, retirement savings, or a healthy investment portfolio, you may still feel stressed about money. This mindset often comes from fear of losing what you’ve built or not having enough.

While being financially prepared is important, non-stop worry can prevent you from enjoying the success you’ve already earned. And remember, coffins don’t come with pockets.

3. You avoid social activities to save money

Maybe some of your friends are big spenders, and you can’t keep up dollar for dollar. Perhaps they’re filthy rich or just using credit cards to keep their five-cocktail happy hours afloat. Who knows?

But if you regularly skip out on social activities to avoid spending money — even when it’s within your budget — your attachment to money may be isolating you. It’s not worth sacrificing important relationships and experiences to hoard extra cash.

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4. You’re constantly thinking about how to make more

It’s natural to think about money — it’s a necessity for food, housing, and healthcare. And in our major side hustle society, everyone is pursuing some sort of gig. Many people who have a healthy relationship with money have multiple income streams flowing in.

But if you find yourself always chasing the next opportunity to make money — even at the cost of spending time with friends and family — you could be too obsessed. Money is important, but so are personal relationships and the ability to kick back and relax.

5. You prioritize money over personal well-being

Many people sacrifice their mental and physical health to work extra hours or make extra money. If you’re in a financial crunch and it’s a short-term situation, that’s one thing. But overworking purely to accumulate extra wealth could lead to burnout, major health problems, and an inability to build and maintain personal relationships.

And remember, 10 or 20 years down the road, your boss won’t remember all those late nights you worked, but your kids will.

6. You measure success solely by financial gain

If you evaluate self-worth based on how much money you make or what material possessions you own, that’s a red flag. True success is multidimensional. It’s about more than just accumulating wealth.

While money might be one ingredient to happiness, it’s far from being the only one. At the end of your life, you’ll regret missing out on soccer games and fishing trips a lot more than investment projects.

7. You’re jealous of others’ wealth

Everyone gets jealous — that’s human nature. But if seeing other people succeed financially constantly stirs up feelings of resentment, this jealousy could be taking over your life.

Comparing your life to your wealthier friends could strain relationships and breed resentment. If you can’t celebrate the success of those around you without feeling bitter or covetous, you could have an unhealthy relationship with money.

8. You skimp on basic necessities to save more

It’s great to be frugal. Who doesn’t love a bargain? But if you’re cutting back on essentials like health care, car maintenance, or home repairs just to save a few bucks, it may be time to reassess your priorities. A car repair might be $500, but your well-being is priceless.

9. You always say no to charitable giving

Having material comfort doesn’t mean you need to turn into a mega philanthropist. But if you’re so stingy that you never give to charities, it’s a sign that your money may have too strong a hold over you.

Giving back to others can connect you to your community and give you a sense of purpose. Plus, it’s good form. You’re likely benefiting from free services that are funded by donations, so chipping in is the stand-up thing to do.

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10. Money strains your relationships

Finances are at the heart of many arguments among married couples and family members. But if your pursuit of money is taking over your life — leading you to neglect other obligations — it’s a sign that money is harming your overall well-being.

Bottom line

If any of the items on this list hit home, you could be too obsessed with money. Of course, you want to make smart money moves and earn enough to live comfortably. But when your wealth starts to become your whole world, it can negatively impact other areas of your life.

Whatever your current situation, it’s a good idea to strive for a balanced approach where your financial goals align with your relationships, health, and pursuit of personal happiness.

Money tips that can work for everyone

No matter what your bank account balance is, there's always an opportunity to optimize and improve your finances. Here's a quick checklist of things you can look at today.

Focus on paying off your debt. Debt can hold you back from making progress with your overall financial well-being. Aside from cutting expenses, there are tools that can help you pay off debt faster like balance transfer credit cards and debt counseling.

Earning extra income can give you breathing room. If finances are tight, earning some extra money to supplement your income can make a huge difference. A new job is one option to consider, but if you're not ready to make a big change or already retired, a part-time side job could be a better choice.

Cut your expenses. It sounds painful and so not fun, but it doesn't have to be. Take a look at your biggest expenses because that's where you'll probably find the biggest savings. For example, auto insurance rates have been soaring so shopping around for a new insurance company can be the fastest way to cut your bill. Also, look for ways to cut your grocery bill (despite rising inflation).