Money is one of the leading causes of stress in people’s lives. In fact, a study by the American Psychological Association found that 73% of Americans reported feeling stressed about money at least some of the time. And when it comes to our mental health, money is a big deal. In this post, we’ll explore some ways to manage the stress that comes with money.
1. Defining stress
Stress is a feeling of being overwhelmed or under pressure. It can be caused by a wide range of things, including work, relationships, money and even traffic. For most people, money is one of the biggest stressors.
In fact, a 2016 study by the American Psychological Association found that money is the number one cause of stress for both men and women in the United States.
2. How stress affects our day to day lives
When it comes to our day-to-day lives, stress is often one of the biggest factors. From work, to family, to our own personal goals, we can feel overwhelmed with the number of things on our plates.
We may not be able to control everything that comes our way, but we can learn how to deal with stress in a healthy way. The stress of money is no different. Money is one of the top sources of stress in our lives, right up there with work and relationships.
In fact, according to a study by Northwestern Mutual, 78% of people say they experience regular or occasional money stress. And when it comes to arguments among couples, money is a top issue. So how can we manage the stress of money and improve our overall well-being?
3. Money and stress
Money is tied to our sense of security and our ability to provide for ourselves and our loved ones, so it’s no surprise that it can be such a powerful force. The good news is that there are steps you can take to manage your stress when it comes to money.
One is to create a budget and stick to it. This will help you stay mindful of your spending and avoid overspending. You can also try visualization exercises to calm yourself down when money-related stress strikes.
Simply picturing yourself in a relaxed and happy state can help ease your mind. Lastly, don’t be afraid to talk about your money worries with someone you trust. Sharing your concerns can help lessen their burden and make you feel more supported.
4. Ways to manage stress when it comes to money
Managing money-related stress can be difficult, but it’s not impossible. Here are a few ways to help you get started:
1. Make a budget and stick to it. When you have a plan in place, it’s easier to stay on track.
2. Don’t be afraid to ask for help. If you’re struggling, there’s no shame in seeking out advice from a financial planner or other experts.
3. Take some time for yourself. When money is stressing you out, take some time for yourself to relax and clear your head. Maybe watch your favorite show, take a walk outdoors or read your favorite book.
4. Try to stay positive. It can be hard to remain positive when money is tight, but it’s essential if you want to keep your sanity!
5. The importance of self-care
It’s important to remember to take care of yourself, especially when you’re feeling overwhelmed. When it comes to money, self-care can look different for everyone.
For some, it might mean taking a relaxing bath or reading your favorite book.
For others, it might mean going for a run or practicing meditation. Whatever it is that helps you de-stress, make sure you make time for it! When you’re feeling good mentally and emotionally, it’s easier to stay positive and productive. And that’s exactly what you need when it comes to your finances.
Money is a major contributor to stress in our lives. It’s not always easy to deal with, but it’s important to find ways to manage the stress so it doesn’t have a negative impact on our mental and physical health.
Taking time for self-care is one of the most important things we can do for ourselves. It allows us to recharge and refuel so we can continue to manage stress in healthy ways.