The toll of financial stress can impact physical and mental health. Whether you were laid off, are in debt, or concerned over education costs, we’d like to offer some suggestions to ease your mind and help you regain control of your finances. Keep in mind, none of us can get through life unscathed. Family members get sick, employers cut back, and it’s very easy to rely on credit cards when short on cash. So, whatever you are dealing, know that you are not alone.
To minimize the toll of financial stress on your body and mind, start by putting your focus on things in your control. There is a difference between feeling stressed because you lost a job and feeling stressed because you’re worried you may lose a job. Learn to meditate or trick your mind into pushing negative thoughts away by moving your body.
Anytime you begin to worry of something out of your control, stand up, close your eyes, and take a deep breath. Then slowly release the air. Keep your eyes closed and listen for a sound off in the distance. Just focus on that sound. A bird chirping, an AC unit running, the sound isn’t important, your focus is what matters. Take a deep breath. Open your eyes and go back to work, or chores, or whatever it was you were doing before worry crept into your mind.
Next, if you are in debt because you’ve been charging up your credit cards, stop swiping. Our CEO, Mark Henry, appeared on QC Life to share methods of reducing credit card debt with viewers. In the segment he explained the difference between the high-interest card method and the snowball method, which her prefers. If you lost your job and are struggling to find one, contact a headhunter. They typically work on commission which means you won’t pay anything until they find you a job. With all financial matters, the best way to reduce or eliminate the toll of financial stress is to contact a financial advisor for help. Contact Alloy Wealth at 800-689-3935 if you’d like to speak with one of our fiduciaries.