5 Tips for Dealing with Financial Stress

5 Tips for Dealing with Financial Stress

Studies show that money(finances) are the number-one cause of stress. From getting bills paid to saving or paying off debt and still trying to live in the moment, money plays an integral role daily in our lives. Self-care does not only apply to your physical body or your mental state. If you want to be able to enjoy the present with the most important people in your lives, you must attend to your financial health as well.

Our modern lives can be highly stressful. While worrying doesn’t solve much, having a plan to try to manage financial challenges can help ease some of that stress. Practising these financial self-care tips can help improve your overall financial outlook. Here are some ways to help fight against financial stress and transform your relationship with money.

1. Start talking

Part of money stress comes from bottling up feelings of shame, guilt and embarrassment. Venting about it with someone you trust might help ease the burden. You are probably not alone in this. Every hard task becomes easier with the support of friends and family, so you don’t need to pretend everything is fine. Find a supportive friend or tribe and together bring your money worries, hopes, and dreams into the light of day. 

2. Have goals that inspire you

Setting and achieving goals can be incredibly rewarding. Set SMART goals and work towards achieving them. Keeping them visible at all times, being consistent, and tracking your progress will help you stay focused. It’s important to believe you can do it, your mindset can help keep you motivated.

3. Be intentional with your money

Focus on making the most of your income. Keep tabs on your income and expenses and be realistic about your budget. Sticking to a budget is not always easy, if your resolve falters remind yourself of how much you have to gain if you stick to your goals. Taking advantage of tools that help you easily and consistently see where your money is going to help you start to feel more in control.

4. Reward yourself

Celebrate each of your accomplishments. it doesn’t have to be expensive or time-consuming. Even the smallest treat will help you feel more content and motivate you to get more done. Remember to budget for it so it doesn’t throw you off course.

5. Invest in your future

Much of the stress you feel today may be coming from worrying about tomorrow. All you need to do is plan for the future. Instead of focusing on whether or not you have enough money, just start small. Investing is a real way to reduce the stress of financial “what ifs.” Put your money to work. You’ll feel better and less anxious knowing your future is being taken care of.


Financial stress can stem from not earning enough money, incessant expenses (bills, an expensive significant other, raising kids), or even trying to live the life you desire. Whatever the source of your financial stress, know that you’re not alone in it. Your mindset can help keep you motivated to fix your financial problems. It’s important to believe you can do it. If you can reduce your financial worry, you will be able to focus on other important areas of your life.


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