What to Do When Money Stress Impacts Your Mental Health
Even though it is true that money cannot buy happiness, there are many essential things you can’t get without it, from food and medicine to shoes and clothes. So, it’s completely natural to feel a bit stressed out when you’re having financial problems. However, if you allow all that stress to control your life, it can lead to all kinds of health problems, some of which not even money can solve. With that in mind, here are a few things you can do to reduce your stress levels and manage your money better.
Face your problems
If you’ve ever found yourself looking at the bill in the mail and thinking about how you could simply throw it away or how you wish you could make it all disappear, what you’re actually doing there is procrastinating. First of all, you should address your feelings, as they are completely normal – you are anxious and worried, and you have a reason to be. But the only way for you to manage those feelings is to name them and be aware of them. Of course, that will not magically fix your financial problems, but it will make you more confident about doing something about them.
Know your priorities
We all lead different lifestyles and thus, have different priorities in life. Some things are worth investing in, as they can actually improve the quality of our life, while some things, even though we really want them, might not actually be that necessary. So, identify your own feelings when thinking about buying new things. Your feelings can tell you a lot about what really matters to you, and while it might not bring you more money on its own, it can help you cope with stressful thoughts, accept things you can’t change at the moment, and figure out where your money should be spent first.
Look for better deals
Although buying what you need at the nearest store is the easiest way to live, you should always review your options. This applies to everything, from food to life insurances. Moreover, there are many companies that actually understand people’s struggles and want to help them come up with the most affordable plans that cover all their needs. So, for instance, if you’re looking for better life insurance, make sure to do some research before making your choice. Some plans cover more than you actually need, so you’d be paying more than necessary, which is why you need to choose a company that is willing to accommodate you.
With debts and financial problems, there is often a feeling of shame, as many people who are having trouble with money feel like they are constantly being judged. This can lead to isolation, loneliness, and eventually even depression, which is a serious mental problem. This is why it’s extremely important to have some kind of emotional support. So, if you are struggling with money, reach out to your friends and family. You will learn that you are not alone, and even if they might not be able to help you financially, they can always help you by simply being there for you.
Constantly thinking about your problems is bound to take a toll on your health. This is why you should try to stay active, both mentally and physically. So, keep seeing your friends – there are always things you can do that don’t include spending money. Also, if you have some extra free time when not working, consider exercising, meditating, doing yoga, or something similar. All of these things can improve your mood and keep your mind off your problems until you find a way to solve them.
Determine what you can change
Financial issues usually include more than one problem – you might not be earning enough to cover all your expenses, you might be spending too much on things you don’t need, you might be in debts, or your problem might be a combination of the three. Either way, knowing what exactly the source of your problem is, can help you decide what you need to do next. Some solutions might include going back to school or signing up for some business courses to improve your qualifications, controlling your spending habits, looking for a better job, finding some more affordable accommodation, etc. Either way, it would be easier for you to come up with a plan, and once you do, you’ll only be one step away from improving your situation.
No matter how difficult your financial situation is, keep in mind that it can always be changed. However, to change it, you need to be thinking clearly, which means that you should take care of yourself and do everything you can to reduce the stress you feel. Once you manage to do so, you will find it much easier to come up with good ideas and actually make them happen.