Topic: How do you deal with financial stress? (Read 1819 times)

The best way to deal with financial stress is to take a proactive approach. Start by creating a budget to track your income & expenses. Identify areas where you could cut back & save money. Prioritise your financial goals & develop a plan to achieve them. You could get professional advice from a financial planner or counsellor. Manage stress through exercise, meditation or other relaxation techniques. Try to maintain a positive mindset & focus on the actions you can take to improve your financial situation.

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Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?

I did the same thing as you selling online when my job or my office was closed. I had bills to pay every month even though I had no income at that time. The more I thought, the more stressed I became, so sometimes I didn't think too much about things. This is because we have to accept that when we are not well, I did what I could do, such as buying and selling online and in the end everything was fine until my financial condition improved over time.

During the pandemic, this is one of the reasons why many people have problems that make their financial pressure even worse. Even many people who have businesses felt financially fine before the pandemic. But post-pandemic, money continues to be a pressure that makes them stressed. We have a lot to learn from this pandemic, even though financial pressure has now returned to normal, we must not neglect to use the pandemic several years ago as a lesson so that we are better prepared to face the same situation, perhaps not another pandemic disaster, but a global economic crisis.

I did the same thing as you selling online when my job or my office was closed. I had bills to pay every month even though I had no income at that time. The more I thought, the more stressed I became, so sometimes I didn't think too much about things. This is because we have to accept that when we are not well, I did what I could do, such as buying and selling online and in the end everything was fine until my financial condition improved over time.

While reading the op, I felt like OP mirrored my life and decided to talk about it, Unfortunately, it is not just me, or the OP, financial stress is something a lot of people all around the world are currently going through, sometimes, i feel the world is gradually collapsing in our very eyes.

Nigeria is my country, and i have never seen my country in such a very bad shape as it currently is economically, everything is on the up side, schools fees, water bills, electricity bills, cooking gas, petrol, etc, every thing is raising in their prices as each day breaks.

But fortunate enough, just as the op said, this forum and bitcoin have been really helpful in terms of providing us an alternative source of income, but most of the time, i just cant help but think how those outside this forum, and without jobs are managing to cope with this current economic and financial crises the whole world is facing.

Don’t overthink! I experienced same stress before during pandemic since my job becomes temporarily close while I have a lot of fixed bills on monthly basis that need to be paid especially insurance.

I focus on my current resources and try sellings goods on social media which helps me a lot to get extra income. I live near the manufacturing area of goods which I resell it on lower price compared to retail. I will not overcome this stress if I will just overthink about the problem and stop finding solutions. Check what resources you have and capitalize on that to get extra profit that will cover your expenses.

Handling stress? We do know that each person is different when it comes to intellectual and emotional aspect on which we do know that
control and management would really that differ into each other with each person.

Having a lot of debt will certainly make us depressed because when it is due we have to pay the loan we have lent and it will be very difficult if the income we have is not enough to be able to pay off the loan because we have borrowed too much, so it would be better for us to be able to manage our expenses. according to the income we have and don't let us not manage our expenses so we use our income on things we don't really need so we have to look for loans to be able to meet the needs we need.

right on the spot here, every changing year there appear to be also changing of problems, from pandemic to war to economic crises to housing crises we literally just getting faced with problems one after another meanwhile our purchasing power also depleting its kinda ridiculous though we literally need to do much more these days to obtain something that are easily obtained in the past back then working as an ordinary employee people can afford a house by just working for 5 years right now its crazy, not even 30 years of working and paying mortgage would suffice not to mention if we faced some financial crisis along the way while our house hasn't been paid off it has the risk of being seized but alas what can we do the only thing we can do is just keep working and working our asses off maybe one day we might stumble upon some good life turning moments.

The past few years after COVID-19 have been the absolute worst; everything keeps rising—petrol, daily groceries, electricity, housing—to the point where you're barely making ends meet. Just to imagine, I've been looking for an apartment for over 6 months and haven't found anything yet. Not only is there a very limited supply, but those available are either too expensive, poor, too small, or everything combined. Thus, this is creating a huge feeling of uncertainty, as time is running out and I need to get settled down. Renting outside of town in the nearby villages isn't ideal either, because petrol is way too expensive.

I'm not sure if anyone else feels the same, but this uncertainty with the increasing living costs and the ongoing rat race is causing me excessive stress. On top of that, moving out of the country doesn't seem ideal either, because most European cities are also suffering similar conditions, along with an extensive immigrant crisis (see France, Italy, Germany, and the UK). I'd be interested in remote working, but the economics field I've studied at university isn't in high demand for remote working, which often recruits IT workers and generally fields that require hands-on experience. As soon as I'm settled down, I'm considering taking up a data analysis course and finishing my master's degree in order to look for more opportunities abroad.

I don't know, but each year seems progressively worse. It wasn't that bad before COVID-19; now it's the ultimate worst I've seen, and it's about to deteriorate even further. Thankfully, this forum has been a blessing and probably the only thing giving me hope, as it has resulted in me making a decent sum of money in the process. I'm yet to start looking for a job, but salaries are relatively low, despite the increased cost of living. To make matters worse, excessive weather conditions due to climate change are happening way more often now, causing floods and wildfires and destroying everything in their path. See Libya, Greece, Italy, Spain, and many more examples.

Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?

I think the stress for virtually all groups comes from the fact that the world is undergoing unprecedented change, which is happening at an ever faster pace. There is one crisis after another and you get the feeling that there are no more breaks. There used to be many crises in the last 100 years, but society usually had several years in between to recover. It no longer feels that way, and many people feels and suspects that the next crisis (of whatever kind, war, economic downturn, next pandemic, etc.) is just around the corner.

Its also necessary to stay out of debt.Debt affects more than just our financial well-being,having money problems can also affect our physical and emotional health, which is why it’s important that we understand how to deal with debt stress.Everyone can be under pressure,and been in a debt can actually be one of a kind since been in a debt is also a stressful situation.

I agree with this if we could manage our finances properly then we wouldn't have any problems at all, the problem with debt is most of the people borrow to spend for the day or survive the current situation, but if they would borrow money then why not make it to survive for a long term use it to earn, and not just to survive the day.
Think about how you could use that money to earn it back not just to spend it all.