From Psychologies · Nina Parage · · 1m
Banking Checks Not Always Due to Money Problems
People check bank accounts multiple times daily for reassurance, not just financial stress.
In brief
People check bank accounts multiple times daily for reassurance, not just financial stress. Checking bank accounts frequently stems from a need for control over uncertainty, not necessarily money shortages. Originally reported by Psychologies.
Banking Checks Not Always Due to Money Problems
People check bank accounts multiple times daily for reassurance, not just financial stress.
Financial Stress Affects Many
66% of women and 61% of men consider money a major stressor according to the American Psychological Association's 2024 Stress in America report.
Need for Control
Checking accounts provides temporary reassurance but reinforces anxiety by making the habit permanent.
Emotion Drives Checking Habits
People check accounts more after positive news and avoid checking when news is negative, a behavior called the 'autruche effect'.
Solutions for Anxiety
Turning off notifications, setting weekly check-ins, and talking to someone can reduce financial anxiety.
The takeaway
Checking bank accounts frequently stems from a need for control over uncertainty, not necessarily money shortages.
