• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • RECOMMENDED BOOKS
  • FREE TOOLS
  • ABOUT

The Fortunate Investor

Investing, Business, Saving, Debt, Money, Retirement, Taxes and Family Finances

  • Save Money
  • Invest Your Money
  • Get Out of Debt
  • Making Money Online
  • Family & Money
  • Taxes
  • Business
  • Retirement
    • Retirement Calculator
Home » How To Deal With Financial Stress

How To Deal With Financial Stress

November 4, 2022 By The Saving Gal | This article may contain affiliate links. For more information visit our Disclosure

Tweet
Share
Pin
Share
Share

How To Deal With Financial StressSeventy-two percent of Americans are stressed about money, according to a recent survey. This makes it one of the most common worries people have every day. The best method to alleviate financial stress is to gain a clear understanding of your circumstances, assume responsibility for your finances, and make minor adjustments that address your greatest fears. Here are some useful tips that will help you feel less stressed and get closer to your financial goals.

Have A Plan

When life gets busy, people use checklists to stay organized and make sure everything is taken care of, and a financial plan can be part of this. Make a plan for your money by writing down your financial goals and budget. How much money can be saved with the money you have? How much money do you want to put toward each goal? Having a list of all your expenses and short-term and long-term goals can help you see the big picture and draw the right conclusions.

Having a plan also helps you figure out how much you can save. You can figure out yours by subtracting your monthly expenses from your monthly income (after taxes). What’s left over is how much you could save. This helps you figure out how well you’re handling your money. 

Prioritize What You Can Control 

Not everything that stresses you out can be changed, and if you worry about things you can’t change, you’re likely to feel more stressed out because you can’t do anything about them.

Instead, think about the things you can change so you can work to make things better. Consider how much money you spend on food as a straightforward example. If you don’t already have a limited food budget, look for ways to reduce your grocery costs by a few dollars each time you go, like buying store-brand items that are less expensive or trying homemade recipes for beef jerky. Not only will you save money, but the sense of accomplishment and being in charge may also help you feel less stressed. 

Have A Financial Buffer

Many people feel financially stressed when they don’t have much room for error. If you live from paycheck to paycheck, money worries are bound to creep into your mind: one bill or expense you didn’t expect could put you in a financial hole that’s hard to get out of.

 Having an emergency contingency fund gives you more peace of mind during these times. By putting small amounts of money into a savings account or other emergency fund, you can build up a cushion that will help when money is tight, like when you lose your job or get medical bills. When you have that emergency fund, you can sleep better at night.

 Ask For Help

Talking to a loved one, a health professional like your doctor or therapist, or an advice service can help a lot if you’re having trouble because of money problems and the stress that comes with them. Advice services are very helpful because they can help you figure out what to do next. For example, they can tell you if you are eligible for financial help or give you ideas on how to deal with your stress that we haven’t covered.

Primary Sidebar

Popular Articles

Planning and Utilizing Financial Strategies to Ensure a Secure Financial Future

Planning and Utilizing Financial Strategies to Ensure a Secure Financial Future

Everyone needs to be able to afford their basic needs. Being able to support yourself, your family, … Read More about Planning and Utilizing Financial Strategies to Ensure a Secure Financial Future

Is Going Full-On Digital Too Risky for Your Company

Is Going Full-On Digital Too Risky for Your Company?

Digital technology has revolutionized how businesses operate, and it's now almost impossible for … Read More about Is Going Full-On Digital Too Risky for Your Company?

Micro Investing Options Infographic

Micro Investing Apps: The Best Platform For 2023

What are micro-investing trends? Apps are powering micro-investing! Have you been wondering about … Read More about Micro Investing Apps: The Best Platform For 2023

The Price of Privledge: Anxious Teens With High Expectations Of Themselves

The Price of Privilege: Anxious Teens & Parental Pressure

Good Enough Is Great For Kids There is a famous quote by psychiatrist D.W. Winnicott: … Read More about The Price of Privilege: Anxious Teens & Parental Pressure

Ways to Save Money for a Down Payment on a Home

12 Ways to Save Money for a Down Payment on a House

Home ownership is a goal that many aspire to achieve. The home ownership rate in the United States … Read More about 12 Ways to Save Money for a Down Payment on a House

Footer

TOPICS

SAVE MONEY
INVEST MONEY
REDUCE DEBT
MAKE MONEY
FAMILY & MONEY
TAXES
START A BUSINESS
RETIREMENT

THE FORTUNATE INVESTOR

ABOUT US
ADVERTISE
CONTACT US

The Fortunate Investor focuses on personal finance topics to build wealth. Topics include saving money, investing, managing debt, family and money, taxes, making money, college planning, starting a business, coupons and retirement.

SOCIAL MEDIA

FACEBOOK
TWITTER
PINTEREST
YOUTUBE

Copyright © 2023 Fortunate Investor. All Rights Reserved. | Disclaimer & Disclosure | Privacy Policy | Terms of Service