Topic: How do you deal with financial stress? - page 11. (Read 2164 times)

It can be overwhelming but there are ways to manage it. Start by creating a budget to gain clarity on your income and expenses. Look for things that you can cut back on to save money. Maybe prioritise your expenses and pay off debts strategically. It's important to communicate with your creditors if you're struggling to make payments as they may be willing to work out a more manageable plan. Seek support from friends, family or financial advisors who can provide guidance. Try to take care of yourself by finding healthy outlets for stress such as exercise or taking up hobbies.

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?

you are networking here = smart.
you have a signature campaign = smart
talk things out with your partner maybe they have a connection or friends or something.

things on your side 25 is very good.

I am 66 I got out of the Navy when I was 25.

I was not wealthy not middle class borderline working poor.

I got a degree in accounting.
Did taxes on the side.
Met my wife and lived in Astoria, Queens for 5 .5 years. 
I met the Greek Pope and Telly Savalas both at Saint Demetios Church in Astoria.

My wife and I left Astoria in 1992 and moved to NJ been in NJ for 31 years.

We saved money fixed up our house and we are truly middle class and not paycheck to paycheck.

It took us time to do it.

At 25 you got time so go out and plug away as best you can . Hodl your crypto.

Post-COVID-19 pandemic, things have been tough for everyone. Everything was going smoothly before the pandemic, but during and after the pandemic, economic conditions have changed dramatically. Initially, it was COVID-related to inflation due to worldwide lockdowns and transportation issues. When things started to settle, Russia and Ukraine started, which increased inflation drastically. Now, the major global economies are facing challenges and are going into recessions. Major European countries are facing inflation issues along with a lot of migrants from third-world countries.

It is important to prepare for this kind of situation beforehand. Stabilize yourself financially and always have some investments in liquid assets. Work hard and try to discover alternate sources of money. Try to limit your expenses and increase your savings.

Everyone goes through stress related to money after all over the past few years millions of people have faced financial difficulties due to various problems around the world, including epidemics and wars. Since life is unpredictable, a monthly budget check up is critical to improving your financial health. Set aside some time to schedule organize and cancel all payments from your bank account to regain control of your finances. The more control you have the less stressed you will be if your money worries you're probably sure that increasing your income can help you deal with financial stress and prepare a budget create an emergency fund.

The financial system is usually closely related to our lifestyle and priority life goals. like me, who tries to live a simple lifestyle, even when income increases, so that the remaining income can be allocated to activities that develop financial support in the future. Of course, as we get older we have to have a place to live, and after that we have to provide the best education for our children. Therefore, life priorities must be able to run so that you can spend money appropriately

Yes, you are right that the opportunities in people's life do not come again and again. So we have to take advantage of the opportunity and organize our lives beautifully. But what I know is that if we work honestly, that hard work will never fail. At some point, success will be seen, so we must be honest. To work hard. To move towards the goal of life. All people have a good financial system in their life, their life is very happy and peaceful so we should achieve something good.

I have all my signature campaign earnings saved, along with a decent sum of stablecoins in terms of cryptocurrency assets. I also have a decent amount of money saved in fiat, but that doesn't change the fact that housing and living costs are excessive. I'm from Greece, and the minimum salary ranges from €700 to €800 at best. Even by living with my partner, each one of us will need €300 per month just for the house. Without groceries, petrol, insurance, taxes, and so on. I don't want to be stuck in a loop, slowly draining my savings.
I'm guessing you can understand what situation I'm in right now. I'm 25 and used to live with my partner before the army came up.
Monthly tickets cost up to €60, or €40 if you're a student. I'm not sure if I'm still eligible for a student discount. However, my motorcycle doesn't use too much fuel, so the cost will be approximately close, or a little more, and will be way more convenient. I'm determined to avoid using my car or my motorcycle for short distances and stick to walking and bicycling.
That's correct; some things, such as houses, due to it being a touristy area, are quite expensive, along with fuel. I've only been to Poland abroad, which is now one of the safest countries in Europe and is against welcoming refugees, and I've got to be honest, I wasn't afraid to walk at midnight. Other Western cities are a completely different story nowadays.
I understand why the military is mandatory here, for obvious reasons of a specific neighboring country; however, I believe that it should focus more on extensive training but for a shorter time. 9 months passed way too fast, but I've been out of the job market for over a year now, and I'm starting from zero again.

Well you're doing pretty good. Because we should continue to move forward and continue to look for opportunities. And once an opportunity comes, we have to make the most of it and never waste it. Work harder and when we get good results. So the next step must be to make good financial arrangements. Because it is true that without good financial management, any amount of money will run out quickly and may not help our finances in the future.

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Wow no salary for a year.

I spent 5 years in the service. 1978 to 1983. US Navy. They paid not much but they paid.

So from what you say you are still young. Maybe 🤔 find a roommate making the apartment expense less.

Is it possible to buy a monthly or maybe an annual ticket? I know that mostly children in my country who travel by bus to school drive like this, but I don't think it is limited only to them. An ordinary bicycle does not take up much space, and it can be hung on the wall very easily, especially if it is a model made of very light materials.

If memory serves me correctly, you live on an island, and that only makes life more expensive - I know this because my country also has a lot of islands, and everything is more expensive there than on the mainland. Just today I read an article that an employer offers a salary of up to 11 000 EUR for the position of a waiter in Germany, where there is a shortage of such workers.

I can only tell you that until maybe 1-2 years ago, I could go out on the street at any time of the night without fear, and today I no longer feel safe, considering that some of the people who came as cheap labor are already starting to show their inclination violence and religious intolerance.

Look, I was also in the army at one time, so although I consider most of that time wasted because I didn't do anything useful, I still learned something and know how to handle various types of weapons, which can always come in handy considering who my neighbors are, right? Unfortunately, mandatory military service was abolished a long time ago and today's young people do not have any knowledge of skills that would be of help in case they need it.

You are right that self control is most important no matter how much pressure one is under. Taking a step toward financial health is one of the most important steps you can take to eliminate financial stress. In order to overcome financial stress and be prosperous one must first be aware of the current situation. You should identify options by doing due diligence on your current situation and the extent of your assets. Once you understand the meaning of financial stress, understanding your debt is the next step to get out of it. You can pay off your debt faster if you pay off one account at a time and start with your lowest obligations first to avoid paying high costs over time it is best to pay off the loan with the highest interest rate.

Just remember this. When you are stressed, that just means that you are focusing too much on the things you cannot control. So if you want to get back in the right track again out of your adversities, you just simply need to feel that you are in control of you own finances and your own whole life. So take a pause in your life. Remind yourself that you are the only person responsible.

There's two things you can do. Minimize your expenses or maximize your income. Along with that you have to payoff your debts and start saving so that you have something to invest later in your career and life. Anything outside of your control are just distractions.

Public transport is done by busses, which I not only find inconvenient, but also cost €1 to €2 per trip, which would ultimately cost more than using my motorcycle. I'm planning to commute by bike too, providing that I have enough space to store my two bicycles.

Other EU countries have way more expensive rents, however, the supermarkets or petrol isn't as expensive from what I've observed, or at least, at similar levels. And indeed, the issue isn't that they're taking someone else's jobs, even if that statement was true, it's not my issue since I'd supposedly look for something that requires a degree, due to my education. The main concern is that whole parts of cities have become ghettos and are suffering tremendously. Sweden used to be one of the safest countries, well, not anymore. Poland on the other hand, which I visited in 2021, doesn't have a immigrant-friendly policy, is one of the safest.

Military enlisting is mandatory for up to 9 to 12 months in Greece (unpaid), which is the reason I'm out of the job market now. I've considered it but I generally don't like the whole concept of the army. On top of that, entering isn't as good as it might look. Salaries aren't anything special nor do they provide housing etc. It only secures that you'll have a job, which for the first few years will only pay an above average wage.

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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.

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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?

-snip-

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?

The simple thing is to reduce expenses. I am sure that even if we are employees who have a position but the salary we have is large and some global economic problems will not make us fully survive. If you think more deeply, there are still people who are even less capable than us so we can be more grateful for the finances we have now.