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Financial Stress

Aug 28, 2021

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mathias128

If you’re worried about money, you’re not alone. Many of us, from all over the world and from all walks of life, are having to deal with financial stress and uncertainty at this difficult time. Whether your problems stem from a loss of work, escalating debt, unexpected expenses, or a combination of factors, financial worry is one of the most common stressors in modern life. Even before the global coronavirus pandemic and resulting economic fallout, an American Psychological Association (APA) study found that 72% of Americans feel stressed about money at least some of the time. The recent economic difficulties mean that even more of us are now facing financial struggles and hardship. Here are some suggestions for how to help reduce your money stress and get motivated to take control of your finances: 

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If you feel that the stress of your financial situation is too much for you to handle, it's important to share your concerns and not just keep them to yourself. Talk about your money concerns with trusted friends and family. You don’t have to go into details if you aren’t comfortable with them, but the more you talk about your concerns with your support system, the less isolated and stressed you will feel. Your loved ones may even be able to offer a new perspective on what you could do differently to get your financial issue under control.