![]() Personally, tracking my spending was the number one move I made to stop my money anxiety. Am I currently living on a budget? If not, why not?.Now that you’ve faced the facts and accepted your situation, it’s time to make a game plan to change things up. Most importantly, forgive yourself - and others - for the financial situation you’re currently in. Accept that these instances occurred and that there’s nothing you can do to change them. Acknowledge the mistakes you made that put your finances in their current state.Īlso, acknowledge things that happened to you that were out of your control. Own up to your situation and accept it - no matter what the cause. We all make mistakes, and we all suffer hardships. Try to accept the situation you’re in without beating yourself up. Unfortunately, we can’t go back and change the past. ![]() Money anxiety sometimes results from a string of money mistakes. ![]() It’s one thing to face the numbers it’s another to accept them. By understanding your history, you can better learn how not to repeat it. It’s important to know how you got to where you are financially. Was it years of less-than-diligent money management? One or more personal crises? Take a good, long look at the numbers and try to reflect on what got you there. Then list your debt information: how much you owe each company and the amounts of your monthly payment and the interest rate. Sit down and write down how much money you have in banking and investments. The first key to overcoming money anxiety is to face the facts about your money situation. We’ll take a look at both physical and psychological steps you can take to handle money anxiety. Luckily, there are a number of things you can do to calm your fears about your money situation. Constantly worrying about whether or not you’ll be able to feed yourself and your family and keep a roof over your head takes a toll on your mind and body. Most money anxiety comes from having an unstable money situation. I’d been a stay-at-home mom, and suddenly I was faced with raising and supporting four kids on my own. Personally, I felt the most stress about money in my first year as a single mom. Studies consistently find that money is a predominant cause of stress in America. I say that laughingly, but money anxiety is no joke. 7 Steps To Rid Yourself of Stress About MoneyĪs a single mom of four kids, I’ve become somewhat of an expert on money anxiety. If you’re experiencing money anxiety - or know someone who is - here are some tips that can help. I’d venture that this type of tight living is causing anxiety in a lot of people. In fact, a recent study says 61% of Americans are living paycheck to paycheck which is up from 55% in June 2021. Do you ever wonder how to handle money anxiety?Ī poor money situation is a common experience for a majority of people in the United States.
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