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Kimberly Palmer: 5 ways to deal with money envy

Financial envy is common — we see what others have and wish we had it, too — but it can also be destructive

By KIMBERLY PALMER of NerdWallet
Published - Feb 27, 2023, 10:48 AM ET
Last Updated - Jun 22, 2023, 07:22 PM EDT

If you’ve ever scrolled through social media posts only to be gripped with envy when you see a friend posing in front of their beautiful house or enjoying themselves at a luxurious resort, then you understand how easy it is to want what other people have. Financial envy is real, and sometimes it can be ugly.

“Financial envy is absolutely normal. It’s part of the human condition,” says Yvonne Hampton, who holds a doctorate in personal financial planning and runs a financial therapy practice in the Kansas City, Missouri, area.

And it’s not necessarily a bad thing, she adds. “It’s an opportunity to dig more deeply internally about why we have that feeling so we can work through it and be happier in our own lives.”

If you’re wondering how to turn the so-called green-eyed monster into a positive force in your life, here are five steps to take.

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