7 Tips to Cope with Financial Stress Howard Beach NY
7 Tips to Cope with Financial Stress
It seems like there's more bad news about the economy every day. Stock values are plummeting, some people owe more money for their home than it's worth, and big banks are going under. So it's no wonder that almost everyone is worried about their bank accounts; in fact, a survey by the American Psychological Association (APA) found that 80 percent of Americans said their biggest worry is money and half of them report having symptoms such as raised blood pressure, disturbed sleep, and a weakened immune system due to the stress.
Clearly those who are concerned about finances are not alone, and if you're looking to relieve some anxiety, follow these seven tips.
1. Identify what worries you.
Keep a journal or a blog about your thoughts and concerns. Sometimes just getting your thoughts out can be freeing. Or write down your expenses, and figure out where you can cut. When you see it all on paper, you may be shocked, for example, by how much you spend on eating out. Figuring out where you indulge will help identify where to cut back.
2. Talk about it.
Don't suffer in silence. Research conducted by Wesley Mission found that 54 percent of people polled did not seek help or talk to anyone about their financial pressures. It may help you to find others who are in or have gotten through a similar situation to find out how they've coped. Or just use the conversation to get your mind off your problems for a little while. Not sure who to talk to? Try connecting through QH's Stress Management Support Group or Anxiety & Mental Health Support Group . You might also find support groups in your community or place of worship...
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