Effectively Deal With Financial Stress With These 4 Steps

There are many reasons to be stressed financially – it could be from debt accumulating, not getting the salary you need, wanting something, but can’t afford it at your current financial situation. It’s a situation almost everyone in the world has been in at one point in time, save for the filthy rich and born from it.

So how do you deal with financial stress? There is no absolute answer to that. Some approaches will be effective on some people, while others won’t find the same as successful. It’s a multi-faceted problem that needs a multi-faceted solution, so you need to take care of every single facet of your life to be able to get through it. 

In this article, we’ve collated the best techniques on how to deal with financial stress. While every single one of these tricks will work on their own, when used in conjunction, they will be twice as effective. So make yourself comfortable and ease the worry and anxiety away – here are the best coping mechanisms when you’re stressed out because of money:

Breathe and relax. Take your mind off things.

Don’t underestimate the power of deep breathing. This should be your first order of business when you feel the crushing weight of dealing with money, or the lack of it. Inhale and hold for four seconds, then exhale and hold it in the same manner. Do these three to five more times and see if your mood is better. 

It should at least create a sense of calm in you and make you change your perspective. If it does not, do it again until you find a sense of balance. After this, try to take your mind off things. Playing word games on your phone is scientifically-proven to keep your mind in focus. Play Scrabble and use a scrabble word finder to see your options.

Don’t play mindless games, either. The trick to taking your mind off things is becoming busy with another. So choose games that will make you focus, force you to think and strategize, and lets you create novel solutions. You’ll find the next time you focus on the financial problem at hand; it won’t weigh you down as much.

Create an emergency fund

Essentially, an emergency fund is a separate saving account that’s intended for when you’re strapped for cash. Only to be used in emergencies, you can dip into this account when you are in a financial rut. One of the most interesting things in the dynamics of dealing with financial stress is how it’s directly connected to control.

When people are in distress, it’s usually because of things that they can’t control. When you have money in a bank, the thought itself will prevent you from going on a downward spiral should a problem that needs money comes to light. An emergency fund gives you the control to change things, to make you feel that everything’s going to be alright.

If you can, invest your emergency fund in a high-interest savings account. Ask your banks about their services regarding this. The on your money, the shorter the time it will take for you to grow it. Be smart – you can even start a time deposit account in lieu of an emergency fund to live off the interest.

Get a financial planner

A great financial planner will help you realize your financial goals by dividing it into monthly payments that you can pay off in your workable years. They can also advise you to make the best investments depending on where you are financially at the moment. In finding a good financial planner, get the one that isn’t a stockbroker at the same time.

Most stockbrokers that double as financial planners only care about the money they can mooch off you, so you’re better off with someone who can really understand your financial position. Don’t invest money that you can’t afford to lose. that will make you stable after retirement, and pay it off immediately.

Determine what you can change

One of the best ways to kick the rut that financial freedom brings is to assess the things you can change. Make sure that you have an inventory of every aspect of your life. When worse comes to worst, review your inventory and determine where you can improve on, what you can change, what habits you need to be wary of. This way, you’re taking charge to make your life better.


Dealing with financial stress can cause anxiety and other mental health problems. Most of us experience problems and constraints when it comes to money, but it shouldn’t stop us from having our best foot forward every single day of the week.  If you’re in a financial rut, heed these tricks. It will save your life.

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