Stress during tough economic times is a common experience, and it’s essential to manage it effectively. Here are some practical tips to help you cope:
Pause but Don’t Panic:
Negative news about the economy can be overwhelming. Stay informed but avoid getting caught up in doom-and-gloom hype. High anxiety can lead to poor decision-making.
Identify Your Financial Stressors and Make a Plan:
Take stock of your specific financial situation and what causes you stress. Write down ways to reduce expenses or manage finances more efficiently. Commit to a plan and review it regularly.
Recognize Your Coping Mechanisms:
Some people turn to unhealthy activities like smoking, drinking, gambling, or emotional eating during tough economic times. Be aware of these behaviors and seek help if needed. Exercise and self-care are key!!
Turn Challenges into Opportunities:
Use economic challenges as motivation for positive change. Consider learning new skills, spending quality time with family, or finding inexpensive ways to exercise.
Ask for Professional Support:
If you’re struggling with bills or debt, reach out to your bank, utilities, or credit card company. Seeking help from a psychologist can also be helpful. There are also many apps that are useful such as "Calm, Headspace, and Happify".
When all else fails, use humor! Call on your funny friends, have a glass of wine (I've already ignored rule #2 above.... but who cares, I'm not perfect), plan an outing, and reminisce about good times. Remember, you’re not alone, and there are strategies to navigate stress.
Happy Friday!
-Xoxo Lisa