These are financial pressures or financial problems where money worries are causing you stress. It is not merely an issue of budgeting but has an emotional and physiological component too Since it has major health effects an urgent addressing of financial stress becomes necessary .
The major contributors to financial stress are many. To start with high debt levels are a major cause as access to debt has never been easier a it is now example lines of credit mortgage, credit cards so on. We have our worst enemies as we have been programmed to spend even when we don’t have money. Low savings, unrealistic banking on real estate, complexity in financial markets, no education on money are just a few to mention.
Since financial stress is closely linked with health problems like depression and sleep Risk of heart disease, stroke, digestive problems, sexual dysfunction, weight loss skin problems they need to be relieved earliest-
At the very onset you must identify your stress points, give them a positive spin and be realistic.
Taking small and honest step are the key. Seek financial education to relax and plan your financial situation.
The following are of great importance:-
- Find extra money to put towards debt stuck to a budget.
- Keep emergency fund.
- Financially plan yourself.
- Be focused and positive.
- Keep a track of where your money goes.
- Avoid using credit cards.
- Understand the difference between wants and needs.
- Stick to budgets.
Improver your emotional self:
- Get enough sleep.
- Eat Healthy, Exercise well.
- Avoid unnatural foods.
- Get emotional support.
- Avoid relaxing with alcohol.
- Don’t give up your passion.
