Financial stress can be life changing. It’s something that nearly all of us have experienced, which makes it all the more relatable. However, in that familiarity there may not be many agreed upon ways to start to de-stress your life and finances.
The fact that stress can take control of one’s life with side effects that can include weight gain, sleep loss, irritability, makes it something that needs to be addressed seriously.
If you feel that you’re suffering from stress related to finances, or any other facet of your life, we recommend speaking to a professional and taking these tips as small changes that can help alleviate stress, but are in no way a form of curing stress in day-to-day life.
So, what are some methods one can take to de-stress their life when it comes to finances?
Get the Facts
The unknown can be a contributor to stress and fear. Many people can be stressed over finances simply because they aren’t quite sure what is going on with theirs. It can be a difficult first step, but full understanding all of your finances is a way to create clarity and, hopefully, alleviate some stress involved when thinking about money. This is a spot where a financial advisor could come in very handy.
Don’t Worry in Secret
Not sharing your financial worries by keeping them to yourself can have consequences that result in increased stress. No one needs to carry the full weight of financial stress on their shoulders. Speaking with someone close to you regarding your worries may help you get a better perception and, of course, speaking with a financial advisor can provide you with another “team” member when it comes to handling your finances.
Worry About Your Health
Stress can put your whole body in a tizzy. It’s important to take some time to step away from what’s stressing you, even if it feels impossible to do so. A great way to do so is through exercise or better eating habits. Adding a routine that improves your overall health can do wonders on the negative effects stress from finances can have on your body.
Get a Plan and Execute
Financial stresses won’t go away on their own. Even if you win the lottery, you’re still going to have financial issues to attend to. The best way to do this is to have a plan and then execute on that plan. Speaking with a financial advisor can set you up to reach your goals by providing clear parameters.
The one thing you should make sure you do when you know you’re becoming overridden with stress is to deal with it. Stress affects nearly every single person and not dealing with it only allows it to fester and or become more of an issue.
The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of the author and not necessarily those of Raymond James.