A woman experiencing stress with doodles made around her head. A woman experiencing stress with doodles made around her head.

3 Ways to Manage Financial Stress

If you are concerned about your finances, you are not the only one. Many have to deal with the uncertainty financial difficulties bring. Whether you have lost work, are facing higher expenses, or have unexpected expenses, financial issues are among the most common reasons your mental health might suffer. 1

These issues can take their toll on your relationships, physical health, and mental health. Luckily, there are a few ways to manage this type of stress.

Consider Ways of Boosting Your Income

While being able to manage your money2 is critical, your budget can likely only stretch so far, especially with rising costs. That’s why you might want to look for ways of increasing your income. Consider taking up a side hustle, working overtime at your job if it’s available, or even finding a better-paying job. There are several ways you can work on your career to increase your chances of finding a better job. One option is to get a degree in a high-paying industry, such as technology or the medical field. If you’re thinking about going back to school, you can search for eligible scholarships online to help cover the costs. Utilizing Going Merry college scholarships can make your career advancement much more affordable.

Look for Ways of Lowering Your Overall Stress

Resolving your financial issues requires a number of small steps, and it is unlikely your issues will go away all at once. However, while it may take time to bring your financial situation to a more comfortable spot, you can still take steps to reduce your current stress levels, giving you the peace of mind you need to deal with issues as they come up. Exercising a little can boost your energy and mood and chase away stress. It’s a good idea to try for at least 30 minutes of physical activity each day. You can also try relaxation techniques, which can give you a mental break from sources of worry. Try breathing exercises, meditation, or yoga to help balance things out.

Don’t Be Afraid to Get Help

When you are facing financial challenges, there is often a certain taboo against saying anything to your friends or family. This can lead to bottling feelings up and going it alone. It may feel awkward talking about how much you make, and you may feel embarrassed about not being able to help your family. However, the economic situation has caused many individuals to struggle, and they are doing so through no fault of their own.

In fact, they may be facing their own challenges, and they are likely to be very understanding. Still, depending on your area, you might be able to get professional assistance as well. There may be organizations that help people in debt or in need of work. Even if you do not have someone to talk to, it can be helpful to get practical advice. It’s not a sign of weakness to get help, and it means you are willing to take a step in the right direction.

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Icy Health
  1. World Health Organization. “The World Health Report 2001: Mental health: new understanding, new hope.” (2001). ↩︎
  2. Grafova, Irina B. “Your money or your life: Managing health, managing money.” Journal of Family and Economic Issues 28 (2007): 285-303. ↩︎

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