Have you ever felt shame or embarrassment during a financial transaction? Maybe it’s the result of societal judgment or perhaps it’s just a self-imposed fear. Either way, it’s a strange reaction to have to the responsible use of money- shame – so I thought I’d explore when and maybe why I’ve felt it in various situations.
Paying in Change. I love to get rid of my change, but whenever I pay with it I’m overcome by a need to make apologies. Not sure why, I’m still paying my fair share, and as long as no one is waiting in line behind me as I count out my pennies, there’s no need for apologies.
Depositing Singles. Being an actor, many of my friends work in service and the tips typically come in the form of singles. I’ve often heard friends talk about how uncomfortable they feel walking into the bank to deposit their wad of ones. I’ll take money in any denomination, but I can sympathize with the discomfort of their situation.
Using a Coupon. I love coupons but every time I hand one over I feel a twinge of anxiety. Maybe it’s all the fine print that freaks me out, but if anything, coupons should be celebrated not feared.
Empty Bank Account. I like to keep the balance in my checking account as low as possible- the interest rates are crap and I know my money can work harder for me in high yield savings and retirement accounts. Despite my rationale and financial responsibility I’m still embarrassed for others to see my balance. Not that I go around flashing my account information, but if I’m with a friend taking money out of the ATM or the receipt from my last checking account transaction is exposed, I’m quick to cover up the number.
Have you ever felt money shame? Do you think it’s rational? Why do you think you’ve felt it?