How Do You Relieve Financial Stress?

At one point in your life (or currently), you’ll probably deal with some financial stress. This can be caused by your rising debt, not earning enough money, costs of living expenses, or even money troubles in your relationship. 

What Causes Financial Stress?

The main causes of financial stress are typically from rising debt, losing a job and wondering how to pay bills, medical bills, or spiraling into a lifestyle you can’t afford. All of these instances can be financially devastating. 

Statistics Around Financial Stress

- A survey by Northwestern Mutual found that money was the dominant source of stress for 44% of Americans. - And Financial firm John Hancock’s Financial Stress Survey found that 69% of workers were stressed over their finances, with fully 72% admitting to worrying about their personal finances at work. - According to the American Psychological Association (APA), 72% of adults report feeling stressed about money, whether it’s worrying about paying rent or feeling bogged down by their debt.

Can Financial Stress Affect Your Health?

The issue with financial stress is it can have a big impact on your overall health. While many people cope differently, it can affect your physical well-being, your mental health, create unhealthy stress relievers, and even delay seeing a healthcare provider. 

How Do You Relieve Financial Stress?

Too often, we let money control us and let it dictate what we do, that it leaves our stress and anxiety through the roof. Instead, money should be working for you. 

How Do You Relieve Financial Stress?

While there are potentially many reasons you might find money stressing you out, really look at what bothers you the most about your finances. 

1. Find your financial anxiety triggers

How Do You Relieve Financial Stress?

Look for healthy ways to manage your stress like working out, taking a walk, listening or creating music — or anything that helps you relax and think more logically.

2. Learn how to handle money stress

How Do You Relieve Financial Stress?

Make a list of your current financial issues and work through each one in due time. Space out how you work on your finances, otherwise you risk getting more overwhelmed and wanting to give up. 

3. Tackle one issue at a time

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