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Financial Anxiety Tips

Is financial anxiety keeping you up at night?

Financial Anxiety Tips

Guess what, you’re not alone! Almost everyone worries about money at some point in time. In fact, a study done by American Psychological Association shows that 72% of Americans felt stressed about money just in the past month. It is healthy to care about your financial security, but worrying about it can become problematic and unhealthy over time.

We put together a few tips help tame your financial anxiety.

  1. Discuss your financial stress with someone you trust. Sometimes just talking through things can help to lighten the emotional load.
  2. Create a budget. A good way to get started is to track your spending for a month. Once you see how money flows in and out of your household, you can create a monthly budget.
  3. Set goals and plan ahead. No matter how big or small your goals are; having a plan in place will help reduce your financial anxieties.
  4. Build an emergency fund. Even if you can’t save much to start, it’s important to get in the habit of saving. As unexpected things arise, you will feel better prepared.
  5. Stop comparing yourself to others. Social media is everywhere and rarely ever do you see the “real picture.” Comparing yourself to others will just add unnecessary financial stress.
  6. Consider working with a financial consultant. They will take a look at the whole picture and will guide you as you work toward reaching your goals.

We all know that worrying about money isn’t going magically make cash appear in your bank account. If you follow the tips above, you’ll start to feel less stressed about your finances and more confident.

If you would like to meet with a financial consultant, we would love to work with you. Our team of experienced professionals can help you reach your goals. Find us at fcfcadvisor.com/team or give us a call at 717.436.2144.