Learning to manage your money the hard way is a valuable life lesson, albeit a very difficult one. If you are in the midst of a financial crisis, it can be hard to do anything but worry. Don’t let this dark period of your life dictate how the rest of your days will go. Stay strong. Better times are ahead!
Working in the short-term credit industry, entrepreneur Don Gayhardt knows the struggles that can be faced during financial hardship. The best thing to do when you feel yourself beginning to panic is to ease your mind. This is easier said than done, but here are a few tactics to do so.
- Prayer and/or mediation. Whether you are a religious person or not, talking to a higher power can do wonders to your psyche. Even simple meditation and breathing exercises can help with your immune system and anxiety
- Talk to a loved one.Taking your stresses and sharing them with a financially responsible friend or relative is easy therapy. It does not just ease your worries to confide in someone else, but they can help you by offering encouragement and advice as well.
- Your doctor will endlessly tell you the benefits of regular exercise, but don’t consider this advice as medical jargon. Exercise doesn’t just help you lose and control your weight, but the endorphins that are released during the process actually do help make you happier.
- Keep a journal. It doesn’t have to be an actual notebook that you use; anything from printer paper to a sketchpad will work. Seeing your concerns documented in one place can help you to better control the way that you’re feeling and help to keep your mind organized.
The listening ear of a friend is priceless, but sometimes problems like this are too big to deal with alone. Look for professionals who will be able to help you and offer valuable advice with your hardship.
- A financial advisor or accountant.Speak to someone who manages money for a living and pick their brain. They might have some words of wisdom that will help you consume less in your life and ease your mind.
- Mental health professionals.It can be pricey to talk to a therapist, so check and see if your place of work offers an employee assistance program. Oftentimes these types of programs offer 1 to 3 free counseling sessions for you and your family, so it’s worth taking advantage of. Similarly, look into your health insurance and see what sorts of aid they offer in terms of mental health assistance.
As the saying goes, Rome wasn’t built in a day. Constantly remind yourself that it takes time, but your situation will get better. Do things daily that bring you joy so that you don’t get discouraged and weighed down.
- Spend extra time with friends and family.
- Volunteer in your community.
- Do activities you love (cooking, reading, jogging, etc).
In life there is almost nothing more frightening than being in a state of uncertainty as far as money goes. Don’t allow your financial troubles to define your happiness. Seek healthy ways to deal with it so that you can move up and move on.