Survive Financial Stress with These 3 Mindset Changers
Financial stress is a normal part of life for most people. Learning how to cope with those worries is important — vital, in fact — for maintaining positive relationships, job productivity, and personal health.
If you're dealing with excessive anxiety about your finances, consider implementing the following three policies:
Move forward and control what you can. If you've been laid off from your job, don't waste time mulling over the idiosyncrasies of your old boss, the person who took your job, or anything else that's beyond your ability to change. Focusing on the things you can control will relieve stress now.
Take charge. When dealing with finances, uncertainty can cause a great deal of anxiety. Preparing a written budget can bring your financial problems into focus and provide a starting point for action. Look for a few unnecessary luxuries that you can cut out to provide some breathing room, and plan out your necessary expenses to maximize your budget.
Creating a well-organized budget may take time, but knowing that every last penny is accounted for will put your mind at ease.
Recalibrate your priorities. Remember that life is a lot more than money. If you're burdened with financial worries, take time to indulge in the things you enjoy that are free: improving health, spending time with family, exploring nature — whatever gives you pleasure without having to reach for your checkbook.
Sometimes talking to a trusted adviser also helps when you feel overwhelmed by your financial situation. If you need help with your finance or tax issues, don’t hesitate to give us a call at 805-496-2828.
