Financial stress is when you have issues that deal with money:
- Too much debt
- Not enough savings
- Thoughts of going broke
- Not earning enough money
- The expense of raising kids or taking care of parents
And the list goes on. Financial stress can take a toll on your relationships and your health.
Stress in general is anything that weighs on your mind. Once you address whatever the issue is, the stress usually dissolves.
The same holds for financial stress. If your financial situation is continually on your mind, you need to take control of the situation and address the issues.
If you don't address the issues that are causing you to lose sleep, either because you don't want to or you don't have the right tools to address them, the affects on you continue to compound.
How do you reduce financial stress?
There are many strategies to reduce financial stress, one of which is to get outside help. Finding a financial coach can give you the right tools to address any financial concerns that can arise unexpected.
A financial coach can:
- Talk through your financial challenges.
- Provide an outside perspective to help you see the situation differently.
- Be your accountability partner that will hold you to your spending or your savings commitments
So, do you have financial stress? Yes, everyone does.
That doesn't mean you can't reduce it to the point where it's not that stressful or harmful to your health and relationships.
Work on your thoughts about money, as they are so powerful. Seek help to tackle patterns that you want to break.
When you have a flat tire, it's stressful. When you get a new tire and replace the flat, the stress is gone. Start to reduce your financials stress today and you will be forever glad you did. If you can't do it on your own, ask for help!
February 22, 2021
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After taking the class, and using the debt elimination system, I immediately stopped using my credit cards, got a handle on my debt and tripled my income!.