How To Overcome your financial challenges and stop them from influencing your health. Let's deep dive into this video where Dr. Keith explains how to deal with financial stress and anxiety.
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Money is something that everyone worries about from time to time. However, if you are continually anxious about it, you may be suffering from financial anxiety. Everyone has financial concerns from time to time, but financial anxiety is distinct. Financial anxiety is an intense worry of money-related issues that can be crippling.
Financial anxiety can be generated by a variety of factors other than a lack of funds. Those suffering from financial anxiety are always concerned about payments and may be afraid to look at their bank account or deal with anything related to personal economics. And, like other types of anxiety, financial anxiety is harmful. It can have an effect on your physical health, producing insomnia, loss of appetite, or inability to concentrate.
Arguing with those closest to you about money, problems sleeping, feeling angry or afraid, mood changes, exhaustion, muscle discomfort, loss of appetite, diminished sex drive, and withdrawing from others are all symptoms that financial stress is harming your health and relationships. Financial problems adversely impact your mental health. The stress of debt or other financial issues leaves you feeling depressed or anxious.
Financial stress is defined as emotional discomfort caused by money. Anyone can experience financial stress, but low-income households are more likely to experience it. Not having enough money to cover your requirements, such as paying rent, utilities, and groceries can cause stress.
It may influence you to think or act in ways you did not previously. It does not always imply that you suffer from sadness or anxiety. Understanding the relationship between financial concerns and your mental and physical health might assist you in beginning to reduce financial stress.
You should always remember these 5 steps to deal with financial stress and anxiety:
1. Acknowledge that a problem exists
2. Track your expenses
3. Put some money aside for emergencies
4. Necessities vs luxuries and
5. Take control of your debts.
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5 Tips On How To Deal With Financial Stress And Anxiety | By Dr. Keith & Dr. Helen Tong, Ph.D. DNM
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