When you feel stressed, do you get frightened? How about the other way around? Stress and fear tend to accompany one another and any number of life-situations can cause either. One particular issue that throws many people’s internal peace-clocks out of whack is financial trouble. Perhaps just thinking about makes you feel nervous and causes your heart rate to soar.
It would difficult to find a household in the United States that doesn’t include members who have, at some point in their lives, encountered serious financial challenges. There’s such an ebb and flow to global, national, local and personal economics that you might go through several phases of financial status within the same month. If you don’t keep your stress levels in check regarding financial problems, it can actually make your trouble worse.
Let’s say your stress sparks adverse physical health conditions that prompt you to seek medical attention. We all know how expensive medical care is. Thus, not only will you not be able to solve the financial trouble that made you feel stressed to begin with, you may wind up facing bigger debt for the medical treatment you received to help you cope with stress and improve your health.
It often helps to remember that most people run into money problems in life; you are definitely not alone in your struggle. It’s also good to remind yourself that most financial crises are temporary and a key factor toward rebounding is remaining calm, persevering and developing a concrete plan of action to pay off debt and restore financial stability.
Talking to friends or family members who have successfully overcome financial crises can provide insight and ideas that may apply to your situation as well. Some people determine that the best course of action is to wipe the slate clean and start afresh, perhaps by filing for bankruptcy.
There’s no need to jump the gun on that one, however, because there are often several options available to make ends meet, satisfy debt and begin rebuilding a stronger financial future. Sometimes, spending less, selling assets and clearly defining wants from needs can immediately impact cash flow and provide funds to pay bills or take of care of credit card balances.
Analyzing what has caused your financial crisis is often the first step toward overcoming it. Many people throughout the nation say that loss of income, medical expenses, unforeseen needs and college loans are major causal factors toward throwing finances off track.
The sooner you address financial problems, the better. By being proactive, keeping stress levels low and taking advantage of any and all resources available to provide support, you can find solutions to resolve your current financial problems and lay the groundwork for restored financial stability.
Writer Bio: Judy Dudich
Judy Dudich resides in the beautiful woods of Pennsylvania, where 24 acres of land and a home-office provide the perfect setting for her children’s home-education and her own homesteading and business ventures. Life is full of blessings (and challenges!) for Judy, as a wife, mother of 10 and Grammy to six. She is a published author, whose book, “I Surrender/A Study Guide for Women” continues to encourage and support others in Christian family lifestyles throughout the world. Judy has also previously worked in the online speaking circuit. Her passion for permaculture, re-purposing, foraging and organic gardening fills her days with learning and adventure that she loves to share.