It’s completely normal to feel anxious and distressed when you encounter financial difficulties. Money is an important part of life, so it’s natural to feel stressed out when things go wrong in that area of your life. Regardless of what your particular concern might be, it’s important to stay on top of your anxiety levels if you want to keep your emotional and physical health on track.
The first step to overcoming any sort of financial problem is to re-examine your budget. If you have been following a particular budget and find that you’re still not making ends meet, it’s time to re-visit the original plan and change things up. Look at areas where you may be spending unnecessarily (the morning Starbucks for example, or frequent trips to the movies) and aim to cut back on those expenses.
If you’ve been living up to this point without any kind of budget, this could be at the root of your financial problems. Making a budget doesn’t have to be complex or involve any tricky math- you can use online programs and apps for your phone to work through your expenses to see where exactly your money should be going.
Face The Facts
When debts start to pile up, it can be tempting to hide from the problem altogether by turning off the phone, putting bills away without opening them and not looking at your bank balance. This is a completely understandable tactic and may help you avoid feeling more anxious temporarily, but it will only make things worse in the long run.
Try to get all of your debts and financial problems out in the open so that you can deal with them one by one. Write it all down on paper and bring the information to a financial advisor or trusted friend- they will be able to help you tackle the problem head on rather than avoiding it.
Many of us internalize our difficulties and avoid reaching out to others for support in times of need. If you’ve been keeping your worries to yourself out of fear of being a burden on others or transferring your stress to a loved one, try to overcome this feeling. Speak to a trusted friend or family member and let them know exactly how you’ve been feeling. They’ve probably been in a similar situation themselves and may be able to offer valuable support and advice to help you through this rough patch.
Practice Self Care
Take time every day to look after yourself and do things that make you feel good. Take a long bath in the evening to unwind, enjoy a massage from your partner and read books that you enjoy. It’s easy to get caught up in stress and forget to look after yourself, so make sure that you’re putting your emotional and physical needs first despite any financial problems you may be having.
Relaxation techniques can be very useful in times of stress, no matter what the source of your worries might be. Practice mindfulness meditation, breathing exercises and yoga- all of these tools can help ground you in the moment and will teach you to stay calm regardless of your circumstances.