Tips for Dealing with Financial Stress

By Kathy Jo Pollack

Has financial stress recently pushed you over the edge? Do you feel like you are getting hit from all sides? Are you looking for new ways to deal with the economic pressure? You are not alone.

First, I am putting all the usual money talk aside. If you are feeling pressured to smile all the time(even when you are dealing with financial stress) you may want to relax a bit and take on a more balanced approach. It may not be realistic to always have a happy face, so don’t force it. Balance it with what is going on - be real. Now relax, take a few deep breaths, and read the following tips:

1. Minimize the money talk.

Does the constant financial chatter at work or when you go out with friends and family, have you feeling worse? Problems caused by finances are touching most of our lives in some way, and we need to think of ways to minimize the stress and reduce anxiety. Talk reality – not doom & gloom and not sugar-coated, and don’t talk money all the time. Skip some of this talk. Have specific times when you talk about money because too much talk can go awry. Start the week off on a positive new direction with a Monday morning coupon exchange with your friends/co-workers or find a special time where you share helpful money-savings ideas.

2. Avoid deprivation mentality.

Do not be afraid to spend a little money (not splurge) and do not be afraid to treat yourself. How about earmarking some money each month just for fun? It doesn’t need to be a lot, but it does need to be fun. Even if it is $20 for a movie and popcorn or a trip to McDonald’s with the kids –go for it!

3. Turn off the daily bad news.

Instead of daily (or continual) updates, get caught up weekly. If you were used to constantly tracking the stock market or your 401K on the home page of your computer, or you stay glued to money news on the television, stop it. Monitoring the happenings minute-by-minute only adds to your financial stress. You may find some inner peace and freedom by removing the continuous reminders of the financial world. Realize that it took time to get where we are, so it will take time to improve. Track something uplifting on your computer and tune-in your television to something positive.

4. Talk with someone.

Allow yourself the opportunity to talk about what is causing your financial stress. Consider a family member or friend whom you can trust. Think about the people in your life whom you can freely talk with, without the fear of being judged. At times, just voicing our concerns lifts our spirits and reduces stress. Give yourself the gift of talking.

5. Seek help.

If the stress seems too much, consider professional help. An often overlooked resource is an Employee Assistance Program (EAP). Inquire with the human resource department of your employer to see if you have one. With this program, you may be able to access free and confidential help ranging from counseling to legal and financial services as well. Services vary, and keep in mind that if your employer does not offer an EAP, your spouse’s employer may. So, check there, too. Talking with a professional about your stressors and gaining some coping skills may go a long way in dealing with the financial fatigue you are feeling.

Lastly, examine your attitude. An attitude can make or break you. Think and practice the Theory of Abundance. Although you may have less, you still have enough. Now, believe it! For further information, please visit me at www.kathyjopollack.com.

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