[FINANCIAL MANAGEMENT] HOW TO DEAL WITH FINANCIAL STRESS AND ANXIETY: 5 WAYS
You have to change jobs, temporarily unemployed or fired due to the epidemic, and you are extremely headache with your financial situation.
The pandemic has been affecting all of us. For those who stay at home for a month or even a few months is not easy, in addition, you also have to deal with your own financial situation.
Moreover, for better disease prevention, we also rarely go out to meet friends, relatives,... All of this can lead to both emotional and financial stress, especially if you're worried about mounting debt and managing your spending at this time.
But don’t be too worry, there are ways to manage your financial stress with these 6 ways and put your mind at ease.
1- Focus on what you can control
Feelings of insecurity and stress can arise when you feel anxious or frustrated. During a pandemic, this can lead to financial stress.
How To Deal With Financial Stress And Anxiety? / ph: pexels
However, here's an important thing to keep in mind: you may feel stressed from not being in control of your situation. While there are many things that you cannot control, just focus on what you can.
2- Priority payment
If your money amount is tight and you can't afford everything, start prioritizing your payments to make sure you're covering the essentials first.
To keep things organized, list your bills and monthly payments in order of importance. This way, you'll know what to pay up front, and then write down any payments you can postpone. Move those things lower on your priority list so you can pay the necessary bills first.
3- Make more money
If you are worried about your finances, you are not alone. One thing you can do is explore opportunities to make more money at this time. Manual jobs such as shipper, taxi drivers, hourly maid... will not require too many skills.
There are also plenty of ways you can start a full hustle life at home. While you may need to take some online courses to learn some new skills, with a little creativity and ingenuity you can start making money as a virtual assistant, tutor, teacher, yoga teacher, translation, writing...
4- Save some money if you can
Maybe you've wanted to save money in the past but have never taken it seriously. So, now is the perfect time to develop healthy savings habits if you still have an income. This can also help you take control of your finances.
5- Take care of yourself
Practicing self-care can be a great way to manage financial stress during difficult times.
For starters, try to exercise every day, even if you're only walking for 20 minutes or brisk walking.
Also, eating healthy foods can help you feel more energetic.
So choose healthy foods at affordable prices, such as fresh products, lean protein, and foods high in fiber like brown rice and other whole grains.
Sleep is also important for your health. To help you sleep better, try developing an evening routine to help you relax during the day.
The best way to manage financial stress during difficult times is to assess your situation and make a plan. So, use these 5 suggestions to help you handle your financial stress then come up with a financial plan that's right for you.
[FINANCIAL MANAGEMENT] HOW TO DEAL WITH FINANCIAL STRESS AND ANXIETY: 5 WAYS
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