Financial Stress: Examine and Plan
Most people struggle with financial stress. This type of stress can cause fighting, bitterness, resentment, secrecy, shame, dishonesty, guilt and fear. There are no quick solutions, but there are steps you can take to feel more empowered. The first step is to answer three questions honestly. 1. How much money is being spent? 2. How much money is being earned? 3. How much debt exists? Write down the facts and make a "small steps" plan. The primary goal, when possible, is to pay down debt rather than accumulate more. If you find this isn't possible given all your expenses, seek advice, negotiate payment plans, and find areas of spending that can be adjusted. It is important to keep living and honor yourself through spending money on things that match your life values, while paying down debt. In doing so, you feel empowered, which improves your mental health. It is about taking small steps toward creating a healthier financial future rather than seeking quick fixes, depriving yourself, or putting life on hold until money issues are solved.
Most people struggle with financial stress. This type of stress can cause fighting, bitterness, resentment, secrecy, shame, dishonesty, guilt and fear. There are no quick solutions, but there are steps you can take to feel more empowered. The first step is to answer three questions honestly. 1. How much money is being spent? 2. How much money is being earned? 3. How much debt exists? Write down the facts and make a "small steps" plan. The primary goal, when possible, is to pay down debt rather than accumulate more. If you find this isn't possible given all your expenses, seek advice, negotiate payment plans, and find areas of spending that can be adjusted. It is important to keep living and honor yourself through spending money on things that match your life values, while paying down debt. In doing so, you feel empowered, which improves your mental health. It is about taking small steps toward creating a healthier financial future rather than seeking quick fixes, depriving yourself, or putting life on hold until money issues are solved.
