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At a Glance
Chrometophobia is the fear of spending money.
The phobia of spending money is calledchrometophobia.
The name chrometophobia comes from the Greek wordschrimata, meaning money, andphobos, meaning fear.
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The phobia of spending money is also called chrematophobia.
However, Dr. Daramus says that like otherphobias, chrometophobia is an irrational fear.
Some people are just predisposed to developing phobias, particularly if other people in their family have them.
With some phobias though, there may not even be a specific cause, says Dr. Daramus.
Being too scared to spend money can affect your health, relationships, overall well-being, and daily life.
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