Topic: How do you deal with financial stress? - page 3. (Read 2164 times)

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.

But what I want to ask is how to balance life these days? Because not only me but everyone around me has their own problems in life and is always in a state of stress. I have never seen anyone truly have a balanced life, even retirees have to worry about many things or even rich people have their own difficulties. It sounds easy to say, but I don't believe anyone can balance life in a time when things are getting worse. By the way, how did you achieve balance in life?

It's not about the debt that gives us stress, it's about how we manage our finances. It's not necessary that having a debt means always paying interest. There are some debts known as good debts where we can use the borrowed money to make more money. The key is to manage our finances properly and use the debts wisely.

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.

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.

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.

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Achieving balance in life doesn't necessarily mean you will have no problems or will never face any stressful situation, instead it means you'll have the capabilitiy to face those situations and make it out alive.

But what I want to ask is how to balance life these days? Because not only me but everyone around me has their own problems in life and is always in a state of stress. I have never seen anyone truly have a balanced life, even retirees have to worry about many things or even rich people have their own difficulties. It sounds easy to say, but I don't believe anyone can balance life in a time when things are getting worse. By the way, how did you achieve balance in life?

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So this is life, if you can't balance everything then you yourself will be a victim of the harshness of life.

I think I understand you on this. Because I also feel that nowadays people are becoming much more individualistic. Previously this happened in urban areas but now it seems the same in rural areas. Everyone is becoming busier in looking for additional income. So after work they just rest for a while and then immediately do side work. This right indeed indicates that the main job is no longer sufficient for a person's monthly needs. So it is natural that nowadays people are starting to become busier at work and no longer have free time to chat casually with their neighbors. But in several villages that focus on agriculture, the sense of individualism is still not felt. Maybe because they only focus on agricultural work and after returning from the garden they have free time.

We really have to have other income to be able to survive in an era like today, and this not only changes economic conditions, but what I feel also changes the civilization that occurs around my environment, because I live in a rural area. where it seems that everyone is starting to be individualistic because they are busy making money, where it is very rare to see neighbors chatting casually with each other, as if 24 hours in a day feels like there is not enough time to carry out activities to make money to fulfill their lives, it will be more difficult for those who have a high lifestyle but it doesn't match their income

We really have to have other income to be able to survive in an era like today, and this not only changes economic conditions, but what I feel also changes the civilization that occurs around my environment, because I live in a rural area. where it seems that everyone is starting to be individualistic because they are busy making money, where it is very rare to see neighbors chatting casually with each other, as if 24 hours in a day feels like there is not enough time to carry out activities to make money to fulfill their lives, it will be more difficult for those who have a high lifestyle but it doesn't match their income

too bad the luxury goods are still selling like a hot cakes.
the money aren't circulating to the middle class and lower, its circulating among the riches, but thats on its own is fine as long as they pay taxes. the thing is that, the price of the goods and its increase just doesn't really get followed up by the people salaries, its hardly rising while sometime the inflation itself increase more than the salary.
basically decreasing the purchasing power over the year.
thats just how it is with current economy, one needs to have 2 jobs to survive.

It is not just bad but getting worse everyday, people are really struggling to survive.  The least thing one can buy right now is even more than a dollar, I mean the the least thing you can think about talk much about basic things like food and other things. This is critical period that one needs to take note on how they spend money, it will be very shocking that money is being spend unnecessary their won't be any money left at hand . This period their is no need to crave for designers wears , hangouts that requires much money. Every life style needs to be cut short to meet up the hard economy .