Money is one of the biggest stressors in life. Between having too much or not having enough, people seek therapy, need medication, separate their partners and even suffer physical ailments due to stress over money. How did this happen and how do you overcome it?
It’s virtually impossible for everyone to have financial burdens from the beginning - even when you’ve just moved out of your parents’ home and are ready to take on the world. You have a budget in place and you’re sticking to it.
Then you make a mistake...and another...and another. Your world has been turned upside down because of a couple financial mistakes and it seems like there’s no way out of the hole you’ve dug yourself into. Therein lies the problem.
Some (many) tend to ignore the issue of debt instead of trying to overcome it - opting to simply trash the past due notice or collections calls - while others live the borrowed lifestyle as a means to hide the problem at hand and continue to spend. Instead, address the problem at hand and create a strategy.
How do we get back on track?
Overcoming the burdens
There are several options to help you obtain financial success, but the first step to any of them is to address the financial problem. Are you sinking in debt? Are you living outside of your means? Are you a shopaholic? Whatever it is, address and strategize. For some, this may be as simple as buckling down for a few months and living off the bare essentials in order to pay your debts and live a stress-free life (as far as money goes, at least). For others - especially those that have acknowledged they have a spending problem, it may be a more serious and lengthy solution, such as getting professional help. For those that are deep in debt and are also struggling to support a family, there are many organizations and online tools available to help you get back on track - slow and steady wins the race!
No matter what the financial stressor, be sure to keep the important parts of your life in perspective, and celebrate the little wins!