Financial Stability Is a Form of Self Care
One of the most prevalent sources of stress for almost all adults today is financial stability. Whether it be taking care of student loans, mortgages, being underpaid at your job, struggling to pay bills, or any other possible source, finances can be terrifying if not managed properly.
It makes you feel like your entire life is dependent on it, and that can become very stressful if you’re even slightly underperforming monetarily. In order to alleviate a great deal of stress, you need to become financially stable.
Something that so many people fail to realize when it comes to finances is that you need to live within your means. This could very well mean cutting out certain parts of your life that you enjoy doing, but in the long run it’s worth it.
You might have to stop going out to do things like seeing movies or eating out. It’s so much better to become financially stable than it is to enjoy yourself somewhat for a few hours a week but then pay for it later with a huge burden of stress and worry.
Try to live frugally for awhile so that you can stabilize your money situation. This might mean cooking at home most of the time, and cooking cheap meals at that. Any and all information about cooking some basic meals can be found for free online, so don’t fret about having to go to some cooking class or paying for a pricey cookbook.
Smarter spending on food can often make a huge difference for the average person. Start learning how to save and put away money for emergencies. If something happens to your car or to your health, you need to have emergency reserve money in order to fix the problem – especially if your insurance doesn’t cover a whole lot.
By saving wisely, you won’t have to be so stressed in the event of an emergency. A major component of financial stability is your income. So many people are unhappy with their income, and they always wish they were being paid more.
If you haven’t already, consider some alternative jobs similar to yours that might be able to net you a higher income – even if they’re not quite as enjoyable. All of these things are much easier said than done. It’s not easy sorting out your finances, adjusting your lifestyle and spending, and so on.
However, it’s a necessity that can result in amazing self care payoffs the longer you work on it. Regardless of how difficult it might be, if you want to rid yourself of a lot of stress, understanding and stabilizing your finances is a major step in the right direction.
Erlend Sølvberg, wellness blogger