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5 Signs You’re Obsessed with Saving Money

5 Signs You're Obsessed with Saving Money

Lots of people these days are trying to be more frugal with their money. As a result, there are books and articles everywhere on the topic.

Some are saving toward goals of vacations, retirement, or a college education for their children. Other people have made it their occupation and sole professional focus, like me. 😉

But how do you know when saving money becomes an obsession? Here are some signs that you’ve become OBSESSED with saving money.

Spending Makes You Anxious

If you have trouble buying a single piece of candy at the store or one extra item that isn’t on your grocery list once in a while, you may have an obsession with saving money.

While it’s a great idea to track your spending, you probably don’t have to account for every single cent all of the time. If you are tracking every scent and having feelings of anxiousness or panic when you try to make a small, unplanned purchase every once in a while, you may have a deeper problem.

Constantly Checking Your Budget

When you constantly check your budget before spending any money at all, you might be going a bit overboard. Most budgets need a little flexibility because life can be unpredictable at times.

For example, you get a flat tire and find out a patch job isn’t going to fix it so you need a new tire. Upon looking at all of your tires you discover you really need an entire new set of tires for your vehicle. You panic because that is going to cause you to completely blow your budget for the next several months. Guess what? Life happens and it isn’t always predictable.

Tighten your purse strings for a couple of months until you can get back on track or rebuild your emergency fund. It’s really not the end of the world.

Denying Basic Necessities

Another sign you may have a money obsession is if you deny yourself of basic necessities. Health care, personal maintenance, or fixing your car are things you need to keep up with. It takes money to do these things when they need to be done. Denying yourself of any of these when you can afford it may cause you needless suffering or even cost you more later on down the road. Plan for these items in your budget because they are normal, needed expenditures.

Losing Friends Because of Money

Have your friends started to avoid you or have they abandoned you altogether over your lack of spending? If you always tell them no when they try to get you to go out with them, they will eventually stop asking.

Put some fun money back into your budget each month. You don’t always have to go hog wild or even spend all of your fun money each month. But everyone needs friends and everyone needs a little breathing room once in a while. Let your hair down, go out with your friends and see a movie or go out for drinks. Put your spending in perspective. The world will still continue to spin and revolve around the sun. Tomorrow will still come and you will be ok.

Needlessly Worrying

If you have a healthy savings account, some investments, and little or no debt you are in a great financial position. But if you still worry about money even when your finances are in good shape, you might have an obsession with saving money. Sometimes these might even require professional help.

Keeping a close eye on your finances is fine, but it’s a good idea to learn how to know when saving money becomes an obsession so you can avoid it.

Are you obsessed with saving money? Do you think it can be dangerous to be obsessed with saving money?

About Kayla Sloan

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.


  1. Too much worrying on either side of the spectrum is not good. I’ve also seen partners in relationships use money as a means of control. Making a simple purchase (candy bar) into a big deal, or purchasing an item to “get back” at the other. Money can take many different forms of obsession.

  2. There’s always a ifne line between frugal and cheap–obsessing over money is usually a sign you’ve crossed into ‘cheap’ territory. Granted, it’s easy to get excited when you’re working towards a money goal. But at the end of the day, money is the tool and shouldn’t be the focus of your efforts. I’ve fallen into this line of thinking myself. I had to establish a limit on how often I’d check my accounts. Usually I’d have to distract myself by picking up another hobby. It worked in the end. 🙂

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