If you’re feeling stressed by the ever-rising cost of living these days, you’re certainly not alone. Many people are feeling the pinch and are worried that there’s no end in sight to rising prices.
Financial stress can take a toll on your mental and physical health, relationships and overall quality of life. It can impact your sleep, self-esteem and energy levels. It can even increase your risk of depression and anxiety. What makes financial stress so difficult to manage is that it relates to everyday activities you can’t ignore, such as grocery shopping, paying rent and going to the doctor.
While the source of financial stress may be unavoidable in our current economic climate, there are things you can do to take control of your financial situation. Doing so may reduce stress and improve your mental health. Here are 3 ways to ease the strain:
The tips above help keep stress at bay because they give you more control over your finances. But they won’t stop prices from continuing to rise. The fact is that you may need to find new ways to cut back on spending, such as:
Everyone deals with financial stress in their own way. Unfortunately, some people turn to unhealthy habits like smoking, drinking, gambling or emotional eating when stressed, but these habits only make things worse. Controlling what you can helps ease stress. Meditation and exercise are also excellent stress relievers. Talking about how you’re feeling to people you trust or a professional can also help improve your mental health.
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