What is Catastrophizing?
The tendency to imagine worst-case financial scenarios — job loss, bankruptcy, homelessness — even when current circumstances don't warrant such fears. Your mind races through disaster scenarios that may never happen. This pattern can prevent rational financial planning.
When you might feel catastrophizing
Catastrophizing is a specific form of fearful, which itself is a type of anxious. You might experience this feeling in situations where anxious is present, particularly when the circumstances align with the nuances that define catastrophizing.