Why You Shouldn’t Stress About Money
Money is a large part of our daily lives, and it’s often one of the most common causes of stress for individuals, families and businesses. A 2021 study by the Australian Institute of Family Studies found that more than 70% of all households report at least some financial worries, while 17% say they’re very concerned about their finances. That means there are millions of Australians living with the harmful effects as they have no financial stress management. While stress can be useful to some, it’s often unhelpful in resolving the root cause of the problem, and that’s just one of the reasons why you shouldn’t stress about money.
1. Stress Often Isn’t Productive
One of the main reasons why you shouldn’t worry about money is that your stress is unlikely to achieve anything.
Financial stress can be incredibly difficult to set aside. It often results in a loss of sleep, a breakdown in your relationships and other negative effects like mood swings. Not only are these things bad for your health, but the reality is that they’re also unhelpful. Too often people find themselves stuck in place because of their stress. This creates a self-defeating cycle, and it becomes increasingly difficult to focus on actual solutions. While you can’t simply flip a switch and stop worrying, it’s important to keep an eye on your reaction to stress and ensure it’s not stopping you working on your problems.
2. Action is the Best Cure for Financial Stress
Stress can quickly take over your life if you aren’t careful. The best thing you can do to reduce your worries is to take action. The solutions to financial struggles aren’t always simple. But that doesn’t need to stop you from taking some sort of action. There are lots of ways to deal with financial stress. In some cases, all it takes to get the ball rolling is to talk to someone about the problems you’re experiencing. Decompressing by talking about your stressors can be extremely therapeutic, and it’s also a good way to make a start on actively fixing the problem.
3. There are Some Things You Cannot Change
Acceptance can be the toughest part of managing financial stress. Once you’ve done everything you can to rectify the situation, it’s time to move on and get back to your life. That’s easier said than done. But allowing the stress to continue impacting your health is harmful, and learning to let go of things you cannot change is the solution.
4. Life is Full of Good Moments
Getting bogged down in financial stress can make it hard to spot the good things going on in your life. Ignoring those positive experiences only adds to the cycle of worry, making it even harder to reach a solution. As much as your financial issues need to be dealt with, it’s much easier to manage your stress levels if you’re focusing on the good things. Whenever you feel your worries creeping up, take a moment to remind yourself of the positive things, and turn those happy moments into productive actions and work towards real solutions.
5. Help is Available
The effects of financial stress can have a major impact on your health, family and the rest of your life. If you’re struggling with money, it’s important to remember that you aren’t alone. Help is always available. Talking to your friends, working with your family or seeking professional assistance are all productive ways to reduce your worry and work towards a lasting solution. Professional financial stress management services can help break your issues down into manageable bites. With a little bit of expert help, you can resolve your personal or business problems and deal with your financial stress once and for all.
Are You Experiencing Financial Stress? Business Savers is Here to Help!
Financial stress is on the rise among Australians, with research from 2021 showing that 25% of us suffer from money-related anxiety. Whether you’re worried about your personal finances or are struggling with your business, excessive amounts of stress are likely holding you back. If it’s time to look for a solution then get in touch with Business Savers! We’re financial stress management experts, and we offer the advice and services you need to reduce your worry and get back to living your life. Our services are available to individuals and businesses of all sizes, so we can find a solution that works for you. Contact us today if you’d like to have a confidential discussion about your situation and our voluntary administration services available. We’ll help you figure out the best options and what you can do to manage your financial stress.