Research has been carried out over several years to determine the level of stress and well-being in our lives. Participants constantly say that the main cause of stress in their lives is money. And you may already guess that not too much money comes from this stress. Work is cited as the second major source of stress in our lives.
For many, it’s a vicious circle where the more we worry and think about money, the less we can concentrate and be less productive at work, which again increases stress. Whether stress is caused by mortgages, debts, overload or lack of job security, the combination of money and work-related stress can cause serious health problems.
Below are four ways you can reduce your money stress.
The first thing you need to do is acknowledge the fact that you are experiencing stress on your finances. The second thing is to realize that with commitment and opportunity exploration, you can deal with it.
Reminding yourself that any problem will be resolved sooner or later can also relieve tension
Consulting a financial expert, family member, or friend to discuss your worries, budgeting, setting monthly, quarterly, and yearly goals, identifying overhead expenses like cable TV or car rentals are powerful tools to take control of your finances.
Every problem has a solution
Reminding yourself that most problems are not a “life or death” issue and that resolving any issue sooner or later can also relieve tension. Situations where you need access to funds that you do not currently have can be solved, for example, by short-term loans.
The most effective way to reduce financial stress
Meditation and mindfulness practices have proven to be one of the best ways to reduce stress. Regular meditation can reduce anxiety and relax both the mind and body.
Breathing exercises 5 or 10 minutes a day on a regular basis, not just when you are in panic, can allow you to regain a sense of peace and change your life. You can find many great meditation and breathing exercises online for free, including YouTube.
At the end of the day, however, whatever your source of stress – whether financial or work related – is your health and well-being.
Minimum payment after 30 days:
If the USD 600 is withdrawn, the PRCA is 58.53%, the annual interest rate is 47%, and the total repayment is USD 752.67 This example is based on the assumption that the loan will be repaid in 12 installments. There is no other additional interest on the loan. The example is based on the assumption that the credit is due on time.