What is peniaphobia?

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Question: What is peniaphobia?

Answer: Peniaphobia is the fear of running out of money. It can cause excessive frugality, hoarding money, and avoiding spending even when it is necessary. Peniaphobia can be caused by past financial traumas, anxiety disorders, and a lack of financial literacy. Managing peniaphobia involves learning healthy financial habits, such as creating a budget and saving money, and seeking professional help if necessary.

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