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 Have you ever had trouble sleeping because you were worried about your finances? Have you ever avoided checking your bank account balance because you’re afraid to look? You’re not alone. In their latest Stress in America survey, the American Psychological Association found 72 percent of Americans reported feeling stressed about money during the previous month. Adding to our usual money worries is the economic fallout of a global pandemic. A lot of people lost their jobs, and it shut down many businesses. This global pandemic left many Americans wondering how to cope with the resulting financial worries and concerns. How NOT to Cope Most people cope with financial worries by avoiding them altogether. Although this might seem like the easiest way to deal with the situation, it’s unhealthy for your mind and wallet. Not addressing your financial concerns can lead to increased debt and worse anxiety than you had before. Here are some of the negative results of dealing with our anxiety the WRONG way:
Tackling your financial problems may seem overwhelming, but it’s well worth the effort! Here are four simple things you can do to get started today. Talk it out Most people don’t like talking about money. But talking openly to a supportive friend can lessen your stress and help you gain perspective. They might even have some helpful ideas. Talking to a financial planner can boost those benefits even more. And a quick google search can show you some of the organizations in your area that offer free help from professional financial advisors. Make a Plan Creating a realistic budget is not something the high school has taught most of us. And confusing financial terms like equity, escrow, deprecation, bonds, and AGI can make us feel out of our depth. But making a financial plan doesn’t have to be complicated. All you need is a piece of paper and a calculator. Here’s how to get started.
Tackle Debt Tackling your debt can seem overwhelming, especially if you owe on multiple accounts. But here’s a 3-step plan that can help! 1. Pay the minimum payment on all of your accounts so that they remain in good standing. 2. Use any extra money you have to pay off the account with the highest interest rate. 3. After paying the first debt, focus on the next highest interest rate plan. Keep doing this until you have fully paid all your accounts. If it still seems like too much for you to handle on your own, don’t despair. Free financial planning services can be just what you need to get a plan in place to tackle your debt. Stay Positive and Realistic It’s easy to spiral into negative thinking, worried that your debt is insurmountable or that you can never pay it off. But that kind of thinking will only make it harder to take the proper steps towards financial freedom. It might be challenging, but it’s not impossible. Imagine how you’ll feel each time you see your debt shrinking due to your hard work! Your financial anxiety will lessen with each small victory. You can do this! That said, don’t be too hard on yourself if you slip up once in a while. Make sure your goals are reasonable and not too extreme for your circumstances. It will keep you balanced if you have any setbacks. Even in the wake of a global pandemic, there are several healthy ways to address financial worries and concerns. You can lessen your financial stress by talking it out, making a plan, tackling your debt, and having a positive and realistic viewpoint. So, if you’re stressed about your finances, manage your money the RIGHT way. You’ll be happier, healthier, and your wallet will thank you. You’ve been feeling a little bit down lately? It’s understandable, we all have our moments. But you don’t need to feel that way for long! Counseling and/or life coaching can help you get back on your feet and find the motivation to keep going. I know it might sound like a lot of work at first, but life coaching is actually really easy and fun! All you have to do is talk about what's bothering you with someone who knows how to listen well and give advice when they're needed. And then before you know it, everything will be better again. Click below right now if you want more information. Book features this week:
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 Many people will say, “Money isn’t everything.” That’s true in a sense. Life is more about contributing to society, being happy, and living a life worth remembering. The problem is that it’s impossible to live life in 2020 without the money to pay your bills and buy what you need to survive. Low funds can lead to money worries, which can then impact your mental health. Money Worries Statistics Even if you’re not precisely “struggling” financially, there’s still a chance that you have money worries. The topic is a huge social problem in America, with a 2019 Gallup Poll showing:
Though these statistics aren’t exactly comforting when it comes to the state of America’s economy, it might be relieving to know that you’re not the only one worrying about money. How It Impacts Mental Health Whether you’re worried about putting food on the table, avoiding foreclosure on your home, or keeping the lights on in your apartment, excessive money worries will eventually begin to take a toll on your mental health. In some cases, you might experience intense anxiety or depression. The constant money worries might keep you awake at night, unable to sleep, wondering whether you’ll have the funds to fill your gas tank to get to work in the morning. You might be afraid that your credit card will be declined when you go to buy groceries to feed your family. Other times, you may begin to feel as if you’re in a hole that you’re unable to dig yourself out of, as you don’t have a college degree to get a higher-paying job. You might stop paying your bills entirely, knowing that you’re hardly making a dent in your student loans. Reducing & Coping With Your Money Worries The good news is that there are some things that you can do to cope with your money worries successfully. For example, you can:
There’s no quick fix when it comes to money worries. You can’t avoid paying your bills, and your rent has to be paid each month. Since there’s only so much you can do overnight regarding your financial situation, spend more time healing your mental health instead. Watch this Video From Homeless to Landlord, Interview with Atiya Goldsmith Money worries are widespread, even when the economy seems to be booming. However, when they get severe, money worries can be extremely dangerous to your mental health. The best thing you can do is identify your money worries and then choose an appropriate and healthy coping mechanism. It also helps to educate yourself on financial planning and strategies. Do you have money worries? Money is a source of stress for many people. It can be difficult to know how to deal with your money worries. You may feel like you're drowning in debt, or that the bills are piling up and there's no way out. But it doesn't have to be this way! There are ways to cope with your financial stresses so they don't take over your life. The best thing you can do is identify your money worries and then choose an appropriate and healthy coping mechanism. Setting up a budget, talking to a counselor, life coach or financial advisor are all healthy ways to deal with money stress. Click the box below and let's get started on reducing that stress! Book features this week:
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 Fear is an entirely normal part of life. Maybe you’re afraid of spiders or other critters. Perhaps you’re fearful of losing your loved ones to illness. Or it’s possible you’re terrified of what you don’t know, the unknown. Regardless of your fears or where they come from, one thing is for sure: The antidote to fear is education and preparation. So, let’s talk about what that means and how you can make that a reality in your life. Why We Have Fears There are plenty of reasons that we as humans develop fears. In some cases, we’re fearful because we know something is potentially dangerous to our safety and well-being. For example, you may be afraid of heights because you know that losing your balance can cause severe injury or death. Sometimes, fear is something that we learn. For example, growing up in a household where your family members are deathly afraid of snakes may lead you to develop this fear as well. That may be the case, even if you’ve never encountered a snake in person. Then, you also have the fear that comes from the unknown. The Importance of Education Often, what we see as the “unknown” comes down to a lack of education on our part. It’s not that the information isn’t readily available to us. It’s that we haven’t learned about it or haven’t been exposed to it. Education is critical, especially if you have irrational fears. Let’s say that, as a child, you watched a special on television about shark attacks on humans. Ever since you saw those haunting scenes of shark bite injuries and shark attacks, you’ve refused to go to the beach and get in the water. Now, let’s say you choose to investigate your fear a little further. Doing your research and looking at the topic in-depth might end up easing your fears. Instead of believing that all sharks will attack humans while they’re in the ocean, you’ll learn that this rarely occurs in this day and age. Will this suddenly cure your fear? Maybe not. But it may just help you to work toward overcoming your fear in the future. The Importance of Preparation Sometimes, we have fears that come from what we know might happen. Though these instances may be rare, we intentionally avoid certain people, environments, or thoughts to protect ourselves from these fears. You end up living your life in a bubble. Let’s say that you grew up in a home where you witnessed emotional and verbal abuse. They told you that your parents truly loved each other, leading your younger self to believe that love comes with pain and abuse. You choose to avoid relationships altogether as you get older. Instead of letting your fear of bad relationships consume your life and deprive you of healthy relationships, it’s a better idea to prepare yourself for the “what-ifs.” That may mean figuring out where your boundaries are and knowing when to leave a relationship. You’d be less afraid of what triggers your fear because you know how to cope with it and handle it if it were to happen. Watch this Video How To Make Empowered Decisions Nobody ever said that overcoming fear is simple, significantly if these fears date back years or even decades. The best thing you can do is learn about what you’re afraid of to determine whether your anxiety is rational and warranted. Otherwise, continue to live your life and simply be prepared to protect yourself if you ever come face-to-face with your fears. Do you feel like your fear is getting in the way of you enjoying life? You’re not alone. We all experience fear from time to time and can be debilitating if not dealt with. But there are ways to manage it, so don’t let it get the best of you! Let me help you find peace with yourself and live a happier life. I specialize in helping people overcome their fears by teaching them how to understand themselves better through counseling sessions, workshops, or one-on-one coaching. I offer free consultations for those who want to learn more about my services before committing. Click on the box now for a free consultation! Book features this week:
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 Counseling can take many different forms. In addition to mental illness, many people seek therapy because of circumstantial issues. Depending on the person, there are a wide variety of treatment options available. Not everyone who receive mental health treatment are mentally ill. Life provides everyone with certain challenges that may feel overwhelming. Needing professional help to overcome life obstacles is separate from having a mental illness. According to the American Psychiatric Association, a mental illness is a condition that is associated with distress or a problem functioning in social, work, or family environments. A mental illness is diagnosable and occurs when a significant change occurs in the foundation of emotions, communication, self-esteem, or realistic perception. Examples of diagnosable mental illnesses include schizophrenia, bipolar disorder, clinical depression, socialized anxiety disorder, obsessive-compulsive disorder, and more. Although mental illness can be brought on by external factors such as trauma or life circumstance, mental illness can also be rooted in biology. For severe cases of mental illness involving schizophrenia or bipolar disorder, medication is often a necessity. Mental health does not describe a class of people. Regardless of personal, relational, or mood functioning, everybody has mental health. Because we are an emotional species, understanding and coping with our thoughts and feelings is essential. Visiting a mental health professional can help an individual uncover subconscious thought patterns, change problematic behavior, process grief, and repair relationships. If you are going through a hard time and thinking of seeking professional help, here are three steps you can take to get ready for this process. Acknowledge Your Feelings A great deal of energy can be spent avoiding unwanted feelings and emotions. Whether you’re experiencing marital problems, living through a death in the family, or experiencing a change in routine, it can be second nature to deny your feelings. By masking them through using substances like alcohol or drugs or by avoiding them through long hours at the office, you can actually prolong suffering. The first step to overcoming difficult obstacles is to acknowledge the feelings surrounding them. Once this is done, you can accept the need for help. Have Hope If you do not feel particularly hopeful about a situation, let alone the future as a whole, it will be hard to manage whatever it is you are dealing with. By assigning small goals that can be realistically accomplished, you can start to have hope for a better life. This is not an easy step. For those who are feeling depressed or extremely anxious, having hope in the future may involve finding outside help. A mental health professional can guide you through the process of overcoming painful emotions. Many people find comfort knowing they are not alone in their struggles. Watch this Video I'm Not Okay And That's Okay! Make Plans Most people find that they recover from mental health problems after seeking professional help. While the time frame for everyone is different, an increase in energy is common. Making plans that are designed around small, individual goals can help boost confidence and happiness. Set goals for yourself and be ready to discuss those during your counseling sessions. Therapy can help with all kinds of life circumstances. Whether you’re adjusting to a new routine or grieving the loss of a loved one, talking through the issues can improve behavior and mood. During a crisis, it is easy to become cognitively overwhelmed and when life feels unmanageable, our coping skills can decline. Visiting a mental health professional is one way to feel secure and confident in a variety of situations. Are you feeling stressed, anxious, or depressed? Therapy can help. It's not just for people with mental illnesses. It's for anyone who wants to feel better about themselves and their lives. Therapy is a process of talking through your thoughts and feelings in a safe space with someone who understands what you're going through. You'll learn how to cope with stressors in your life that are causing anxiety or depression so they don't control you anymore. If therapy sounds like something that could benefit you, click the box below and start feeling better about yourself right away! Book features this week:
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Chou is a best-selling Author, a Transformational Speaker, Certified Life Coach, Counselor and Consultant on a mission to inspire people to rise above their circumstances. She is passionate about helping others achieve emotional wellness, reach their full potential, and live fulfilling lives. You can contact Chou at chou@graceandhopeconsulting.com Categories
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