10 Ways To Conquer Financial Stress


Do you often find yourself suddenly awake at night thinking about how you’re going to make ends meet? Perhaps you’re on a verge of breaking down because of your current financial status?

You’re not the only one constantly bombarded with the stressing thought of finances and money problems. Stress on money is prevalent and a common issue for people living on minimum to average wages, and working two or more jobs.

Don’t let the anxiety and stress eat you up all at once. You are stronger than your stress and there are ways you can master them. Skip a beer or two, here are various ways you can cope with financial stress and get back on track.

Seek professional help. Well, you might be thinking, “I have no money to my name, and now this article’s advising me to seek professional help. How am I supposed to afford a professional?” Don’t fret yet, you see there are a lot of experts out there who can offer their services and consultations for free especially to those in need. Some reduces their rates to accommodate your budget and offer their aid to you.

Shift your financial perspective. It’s life-changing and amazing how an act as simple as changing your financial perspective can help you deal lightly with your situation and with a can-do attitude. It can help improve your financial management skills, see your debt less of a burden and more of a goal you need to accomplish to feel better, and so on.

Be optimistic. There’s no point in complaining about your debts and constantly nagging why you’re in this situation. There’s no point in burying yourself even more deep in the hell hole and not do anything. Stop being a pessimist and start thinking positively.

You see, in spite of being in this nightmare, you can still find a positive light in some way. Be optimistic that you’ll get through this situation. Be optimistic that you’ll be able to pay off all your debts. Be optimistic that you can and will manage your budget wisely. Be optimistic and you will rise from the hell hole sooner that you think.

Plan and create a budget. Planning is a necessity albeit not simple if you’re not determined. List down your big goals and under each; list small, specific and doable goals. As you one-by-one accomplish each small goals, by the end of it, you’ll be able to attain your ultimate goal!

In terms of creating a budget, get into the roots of where your money goes. Is it really necessary to eat out every day or would it be better if you cook yourself your lunch to work? Do you really need to buy those shoes even though you already have dozens in good condition? Your jaw might drop seeing where you spend more and where you can cut expenses.

Stop using your credit card. You’ve been reminded before to use your credit or debit cards responsibly, and now that you already have one, how’s it going so far? If you find yourself on a credit card debt or with an unpleasant credit score, you should’ve listened to the first advice.

Starting now, leave your credit cards at home and start paying with cash. This will prevent you from living like a millionaire with a card—whipping out your credit card to spend more than you can afford. Also, paying with cash reminds you of how much you can actually spend.

Pay your debts. If you have several outstanding debts to pay whether it be to your bank or a loan services lender, it’s time to start paying them off as much as you can, whenever you can. Work it out with a financial savvy friend or a financial coach, their insights and experiences will help you with your debt situation.

Determine which categories you can cut your budget on (e.g., food allowance) and relocate that amount to debt payments. The sooner you can pay what you owe, the better.

Live frugally. To live frugally requires a complete lifestyle change. Are you used to eating out several times per week? Do go to the cinemas at least twice monthly? Surely you go to parties on Fridays, don’t you?

To live frugally means spending less, saving more, and making smart financial choices and budgeting. This could be cooking and preparing your own meals to work instead of eating out, hanging out with friends at home instead of going to parties or bars, or renting out a DVD or tuning on Netflix instead of going out to the movies.

Talk to your friends/family. Whatever our problem is, talking to your family, friends, coach, therapist, or even your dog—will make you feel better. Lifting the burden even a little off your chest is somehow therapeutic. Maybe these people can even offer their insights and help you get through your problems.  

Stop comparing your financial status to others. In this day and age of social media—Facebook, Instagram, Snapchat, Twitter, etc.— where you get a daily dose of your friends’ uploads of their recent travels, expensive restaurant dine-ins, and all other signs of their luxurious lifestyle, it could be hard to resist the urge of comparing your status with theirs’. This won’t help you get through your hardships and instead, you’ll only find yourself wallow in the corner thinking “Where did I go wrong?” or “What have I become?”

Humans are designed in nature to measure their wealth and success by looking at others’. It’s a trait people unconsciously does. At times of financial setbacks, remember to keep your hands away from your social media accounts, it’s not a healthy way to live.

Take a break. And finally, you deserve a much-needed break from all these migraines, worries and anxieties. Meditate, go to the gym or a quick run, and just relax for a moment. Taking a break will also help you focus more and be ready to tackle on your problems in full armour.

How about you, what are your techniques and tips in handling financial stress? Share it with us!


About Chie Suarez

Chie Suarez has spent time figuring out ways on saving money and stepping away from her go-to retail stores. She then became a writer for Speedy Money which offers hassle-free loans services.