6 Strategies to Help Overcome Financial Stress and Anxiety

 / 

, ,
6 Strategies to Help Overcome Financial Stress and Anxiety

If you are struggling with financial stress, start with these strategies, and you’ll be on your way to a healthier outlook.

Millennials and Gen-Zers are stressed about money and have a ton of anxiety over personal finance. Why? It’s a product of the world they’ve grown up in.

They saw their parents struggle during the Great Recession. They’re constantly exposed to toxic political messaging, and saving money seems impossible.

They’re comparing themselves to peers on social media who seem to have it all but are hiding the credit card debt they incur to finance their glamorous vacations and lifestyles.

On top of all that, they’re stuck with an average of $28,650 in student debt. It’s enough to give anyone anxiety around spending, saving, and making money.

If you’re struggling, I have good news: I’ve seen firsthand that the following coping strategies can help you reduce your financial stress and anxieties.

Here Are 6 Surefire Strategies To Overcoming Financial Stress And Anxiety.

1. Identify stressful triggers.

The 24-hour news cycle can be overwhelming. If listening to stock market reports during your commute gets you worked up, try listening to a relaxing podcast instead.

If talking to your parents always turns into a stressful conversation about paying down your debts, tell them you need them to toss that topic.

Learn to identify your own financial stressors and avoid them whenever you can.

Related: How To Help A Child With Stressful Experiences

2. Build up immunity to chronic stress.

You can’t always avoid triggers, though, so it’s important to find calming activities that work for you.

For some, that might be meditating, practicing yoga, or taking a walk. Others might prefer reading a novel or writing in a journal.

If you can find hobbies that leave you feeling more centered and less reactive, you can turn to them both before and after you encounter your triggers to help build immunity to stress over time.

3. Lean on your community.

About 40-million adults deal with anxiety disorders each year — you’re not alone.

And you’re not alone in life, either. Reach out to the friends or family members who have your back, who you can talk to without fear of judgment.

Oftentimes, you’ll discover things about yourself and process your feelings as you talk with trusted allies, so work to stay connected and foster valuable conversations.

4. Rethink your money messages.

Your beliefs about money have been brewing since childhood.

Something I internalized early was that I should always save for a rainy day. But in my mind, it never rained hard enough to merit using those savings.

Rainy day funds typically contain up to $2,500 and are meant to ease anxiety, but I never gave myself permission to use my savings in tough times.

When I reframed this message to, “Always save for a rainy day, and use that money when it’s raining,” giving myself that permission decreased my anxiety.

5. Find your sense of security beyond money.

Money is an important tool. It’s how you pay rent, buy food, and take care of your daily needs.

But money isn’t the only form of security.

Consider the talents that would allow you to find another job, your network of professional contacts who can help when times get tough, and the resources you used during your last rough patch. None of those is monetary, but they’re just as valuable as money in the bank.

Related: Where to Get Money for Unexpected Expenses?

6. Moderate your spending.

This last piece of advice is critical: You need to build up an emergency fund that would cover your needs for at least three to six months in case of a short-term financial setback. And the only way is to spend less than you earn.

Can Saving Money Make You Happier In Life? Study Says YES! Read Can Saving Money Make You Happier?

The short-term pain of saving instead of spending will outweigh the long-term pain of being unable to weather a financial storm.

Young adults face tremendous societal and monetary pressure. But in my work, I’ve used techniques like these to help clients reduce their anxiety by analyzing their behaviors and ideas about money.

Start with these strategies, and you’ll be on your way to a healthier outlook.


Written By David Geller
Originally Appeared On YourTango

6 Strategies to Help Overcome Financial Stress and Anxiety

— Share —

— About the Author —

Leave a Reply



Up Next

How To Be Less Nervous And More Confident? 15 Sentences To Change Your Mindset

How To Be Less Nervous And More Confident? Cool Ways

Feeling anxious and wondering how to be less nervous? Well, you’re not alone—everyone gets jittery from time to time.

But here’s the thing: nerves are just a part of being human, and there’s nothing to worry about. In fact, let me share 15 sentences that might just help if you’re thinking about how to make yourself less nervous.

You’re NOT feeling fear – it’s excitement. The tingling sensation that runs down your spine is your body’s way of telling you to get ready for what’s coming next. Instead of being scared, try and think about how thrilling this journey will be.



Up Next

8 Formidable Habits Of Stress-Resistant Minds

Habits Of Stress-Resistant Minds: Great Signs Of Resilience

We all know life can really test us sometimes, and it feels like a never-ending roller-coaster ride that’s all about deadlines, bills, responsibilities and unexpected curveballs. It’s easy to give into the stress of it all and lose our s***, but that doesn’t help, does it? Today we are going to talk about a few habits of stress-resistant minds and how you can be one of them.

Becoming the Zen master of your own mind is sometimes easier said than done, however, having a calm mind is one of the most underrated superpowers there is. People with stress resistant minds know that high levels of anxiety and reactivity will not help them deal with tricky situations.

Trying to build a resilient mindset is one of the best things you can do for yourself and your mental peace. So, are you ready to know the habits of stress-resistant minds? Let’s get started.



Up Next

Overwhelmed By Setbacks? 5 Effective Ways To Combat Crisis Fatigue And Recharge Your Spirit

Battling Burnout: How to Beat Crisis Fatigue and Thrive

Have you ever felt emotionally and mentally exhausted by the seemingly never-ending stream of crises in the world? From natural disasters and political unrest to global pandemics, it’s no wonder that many individuals experience what is known as crisis fatigue. 

Today, we will delve into the concept of crisis fatigue, explore crisis fatigue symptoms, examine its causes, and offer practical strategies to help you cope with the overwhelming toll it can take on your well-being.

What is Crisis Fatigue?

Crisis fatigue refers to the emotional and mental exhaustion t



Up Next

6 Hallmarks Of A High Strung Personality: Navigating The Taut Wire

Signs Of A High Strung Personality

Do you ever feel like you’re wound up like a tight spring? If your answer is yes, then chances are you have a high strung personality. You feel like you are on the edge all the time and only a little flick will throw you off.

Stress and anxiety are your best friends, and no matter how much you may try to relax and let go of your uptight nature, it just doesn’t seem to work. However, don’t think that there’s something wrong with you. You are a perfectly normal human being, who just feels a bit more anxious than other people (stop being too hard on yourself!)

Today, we are going to talk about what does being high strung really means, what causes high strung personality, and how to stop being high strung. Let’s first talk about what is a high strung personality.



Up Next

Know The Key Variances: 7 Major Differences Between Anxiety And Stress

Understanding Major Differences Between Anxiety And Stress

Whenever you feel overwhelmed or frazzled, you tend to chalk it up to being stressed out. Even though it is definitely possible, sometimes there’s more to it than stress. In this article we are going to talk about a couple of differences between anxiety and stress.

Anxiety and stress might appear like two peas in a pod, but they are more like distant cousins at a family gathering. For sure, they have similarities yet each has its own unique symptoms.

So, let’s explore the differences between stress vs anxiety, and find out more about them. But first, let us understand what they mean.



Up Next

How To Not Be Tired After Work: 10 Effective Tips For Avoiding Burn-Out!

How To Not Be Tired After Work: Ways To Prevent Burnout!

After a long day at work, feeling tired is almost inevitable. However, constantly feeling drained can lead to burnout, impacting your productivity and mental health. Learning the ways how to not be tired after work can help you effectively manage your physical and mental well-being. 

Recent statistics reveal a concerning trend in workplace stress and burnout, particula



Up Next

Toxic Stress in Adults: 5 Key Behaviors and Tips To Overcome

Toxic Stress in Adults: Red Flags and Tips To Overcome

Have you ever felt the weight of stress that infects every part of your life? Stress is a natural part of the human experience and in small amounts, stress can actually be good for us. But when it becomes chronic and relentless, it can become damaging for our mind and body. Let’s explore toxic stress in adults.

What Exactly is Toxic Stress in Adults?

Toxic stress in adults refers to an intense and prolonged exposure to stressors that exceed an individual’s capacity to cope effectively. However, toxic