FINANCE: Money Management & Stress

Think Differently

Reframe your thinking

How you view your finances and speak about them can change the way you feel about them. In turn, how you feel about your money will strongly influence how you manage it and deal with challenges. Remember that actions are always preceded by thoughts and beliefs.

Focus on the positive

Don’t dwell on what’s wrong with your finances. Think about what you have to be grateful for. Notice what’s going right, make peace with your problems, and decide to learn from your challenges. You can even keep a gratitude journal and write down a few things that you’re thankful for each day.

Reject thoughts of failure

Never believe that a financial challenge is a sign of personal failure or weakness. Whatever your situation, remind yourself that it’s nothing that millions of other people haven’t struggled with



Recognize your power

For the most part, people get more stressed when they believe something is out of their control. Thats why many people get really uncomfortable traveling on an airplane. When it comes to your money, you have the power. So, recognize that choices exist for you to improve any financial problem.

Change your language

Okay so it may sound cliché, but keeping a positive attitude and using positive language can reduce your stress response to financial issues in your life. Never say that you can’t increase your income or that you should cut your spending, for instance. Instead, say I want to increase my income or I will cut my spending. A shift in your language is the first step to a shift in your mental attitude

Stay in the present

Financial stress can come from projecting a worst-case scenario into the future. Your mind can be your worst enemy and can exaggerate a situation in your mind to the point that your heart starts pounding and your palms start sweating. Remind yourself that you’re living in the present moment where you have complete control.


Simple Actions you can take

Reduce your debt

If debt is stressing you out, get serious about creating a spending plan so you can free up more discretionary money and pay it off as quickly as possible. Try to keep the total of all your monthly debt obligations below 40% of your gross monthly income.

Get financial help

Talking to a wise friend, a family member, or a financial professional can help you see options and solutions to your financial problems that you might have overlooked. Working with a financial coach or planner is a smart way to get back on track.

Take a stress break

Make a conscious decision to do something healthy to take your mind off your stress. Maybe it’s playing with your dog or kids, going for a run, enjoying a hobby, watching a movie, listening to music, or doing yoga. Check out our Health section for more ideas


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