On this blog, I have talked about many facets of wellness. One component of wellness that I want to mention is financial wellness.
I am aware that many people are dealing with additional financial stressors right now. I know first-hand how damaging financial stress can be, so I will share any and all tips I have gathered over the years.
The Effects of Financial Stress
72% of Americans pre-pandemic reported financial stress. This is a huge percentage of people worried about paying mortgages or debt and struggling with personal financial wellness.
Stress takes a toll on health, and financial stress can be especially toxic. As a result, the stress manifests physically as migraines, heart disease, diabetes, or sleep problems. In addition, it is common to see relationship problems, delayed healthcare (to avoid an added expense), and poor mental health.
Over the next few blogs, I will share a few ways to cope with financial stress. Such as, how to trim spending, pay off debt, or even earn some extra money.
Take a Breather & Make a Plan for Your Financial Wellness
Learning to improve your financial wellness and effectively manage your financial situation will allow you to feel more in control of your life, reduce your stress, and build a more secure future. The first step to solve any problem is to make a decision.
If anything I am writing today resonates with you, start your financial wellness improvement journey with this simple stress-reduction technique. I enjoy starting any new project with a clear mind, and this does the trick.
- Find a comfortable place to sit undistracted for 3-5 minutes.
- Close your eyes and just begin to notice how you are breathing. Feel if your breath is shallow or deep, if you feel constricted in your chest, or if you are relaxed and able to take a full, deep breath.
- Acknowledge your thoughts, and do not get hung up on your to-do list or your worries. Just breathe through it.
After taking your breather to clear your mind and open your heart, you are ready to make a plan of action!
In tomorrow’s blog, I will share with you how I learned to declutter my budget. This step only takes a few minutes and is quite enlightening.