Tips to Stop Stressing About Your Finances

Shelley Wenger
Photo byShelley Wenger at Canva

When you are in debt, it can be all that you think about. Many people wake up in the middle of the night worrying about how they are going to pay their bills. It can also be hard to watch people take lavish vacations when you are barely scraping by.

However, it doesn’t have to be this way. Here are some tips to stop stressing about your finances.

Know how bad it really is. Even though you may have an idea of how much debt you are in, the truth is that it could be even worse than you thought.

You need to start by looking at all of your debt. Open up the credit card bills and loans that you have. You need to know where you started, so that you can watch your progress as you attempt to pay off your debt.

Come up with a plan. Now that you know everything that you owe, it is time to come up with a plan. Can you pick up some extra shifts in order to make some more money? What about starting a part-time job in your spare time? Can you cut out some of your expenses, such as the cable bill or some of your subscriptions that you don’t even use?

Even though your plan is just a start, many people feel much better once they have a plan in place to get out of debt. It can also be refreshing to watch the amount of debt that you have go down as you pay more and more of it off!

If something isn’t working, make changes so that it will work. Your plan was just that, a plan, so if you aren’t seeing the results that you wanted, it is time to make changes until you find a plan that does work.

Working one extra shift a week might not be helping, but maybe if you tried a part-time job instead? Maybe you found that you really need to cut back even more?

Don’t be afraid to talk to a financial advisor. Though you may not want to spend any extra money, the truth is that a good financial advisor can be very helpful. Just remember that they have seen everything, so just be honest. The more that you share, the more that he or she will be able to help you.

Work on your stress. Though stress is a part of life, it can really affect you if you let it. Take time every day to relieve stress, whether you take walks, exercise, or just take a bubble bath at the end of a long day.

Accept that you can’t have everything. It can be hard to accept, but the sooner that you realize what you can and can’t afford, the better off you will be. Cut up your credit cards, so you aren’t tempted to pick them up. Don’t run to the bank for a loan on a new car when your old one is doing just fine.

If you are stressed about your money situation, it is time to make some changes. First, you need to see where you stand so that you can come up with a plan to fix it. You may feel better now that you have a plan. Just knowing that you are going to get through this is often a good start!

Previously published on Medium.


Want to read local news stories as they happen? Sign up using my referral link.

If you’re interested in making a side hustle from writing on Newsbreak, sign up using my referral link. Don't forget to use your link when you write.

Comments / 0

Published by

Shelley is a small town farm mom of two boys. She is a veterinary technician, so she is proud to write about all kinds of animals and their care. She also loves to write about writing, running a business, working from home, and much more.

Glenville, PA

More from Shelley Wenger

Comments / 0