Financial stress can be a result of debt, limited income, the added responsibility of raising children and supporting a family, or even being in a relationship with someone who is not careful with expenses.

Whatever the cause, financial stress can be a real burden; people suffering from financial stress often complain about issues such as anxiety, depression, poor sleep, uncontrolled weight loss, and even indulgence into bad lifestyle habits such as drinking and smoking.

5 Easy Ways to Reduce Financial Stress and Anxiety

Eliminating financial stress from your life can help you focus on and improve your physical and mental health. Having a coping mechanism at hand can help you concentrate on other more important things in your life, instead of constantly worrying about money matters.

Here are five easy tips to ease financial stress.

Plan and Stick to a Budget

First off, taking control of your finances is important. Schedule sometime from your daily routine to organize and keep track of all the money going in and out of your bank account. Following a strict budget lets you decide and control when and how you want to spend your money. It allows you to firstly focus on covering your immediate expenses, while also saving for the future. Moreover, what’s left can be used to pay debts and loans.

The first few months can be challenging, but once you adapt your lifestyle accordingly, regular budgeting and maintenance becomes a fairly easy chore. Also, regular budget checkups are crucial to improving your financial stability.

Learn from Other People’s Success

Another great way to overcome financial stress is to gain inspiration from others that have overcome issues similar to yours. Visit online groups, or partake in community group discussions – you’ll be surprised to find that you’re not the only one struggling, and coming out successful isn’t as hard as it may seem.

Pace Your Decisions

Having to take too many difficult financial decisions that test your patience and self-control can easily kill your willpower and resolutions. They key then is to pace yourself; divide your decisions in terms of priority and feasibility instead of becoming overwhelmed and taking a wrong decision that overturns your entire progress.

Identify What Stresses You the Most

To tackle your financial stress effectively, identify the areas where money causes you the most stress. A good idea is to make a list – pen down how you and your family members can reduce expenses and manage money more resourcefully. Draft a plan, and then commit to following it, with regular reviews if and when needed.

This exercise might increase your anxiety in the beginning, but eventually things will get easier once the plan comes into flow.

Stay Strong

Last but no terms the least, avoid temptation. If you’re a shopaholic, limit your time at the mall and manage your spending habits. Choose alternative social activities. Avoid impulsive shopping by deliberately leaving your cash or credit cards at home and carrying limited money for basic necessities.

If you have trouble paying bills or staying out of debt, call your bank, utilities or Credit Card Company and let them set up a payment plan for you.


If you feel your financial stress is getting out of hand, share your concerns with trusted friends and family. You don’t have to open up too much about private matters, but the more you will talk with a support system, the less stressed you will feel.

If you feel you require professional help to manage your financial anxiety, our expert coaches at Happiness Coach are here for you. Schedule an appointment today and let us help you improve your mental health.

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