Even in the best of times, money concerns can cause a lot of stress. But according to a recent survey, nearly 9 in 10 Americans say that COVID-19 is making money a primary cause of anxiety.
Understandably, people are worried about their financial future. Equally understandably, they often don’t feel like they have the energy to deal with it. But as overwhelming as it can seem, there are strategies to help you cope and stay calm.
First realize that no matter how uncertain you may feel, there are some financial things you can still control. That may mean you have to rethink your budget, but it’s in your hands.
Studies have shown that anxiety has an adverse effect on almost all our financial decisions. Stress can make us spend more, save less, and rack up credit card debt
Saving, however, can provide you with peace of mind that you can better handle unexpected expenses, adapt to changes in income or take advantage of new opportunities.
And as always, remember it’s always beneficial to talk things out. If you have a spouse or partner, work through your financial fears—and your solutions—together. Whether it’s your partner, a family member or a trusted friend, listening to another perspective may help you think more clearly




