Worry less, live more: How to reduce financial stress in 2024
Feeling the pressure of juggling bills, work deadlines, and life's curveballs? You're not alone. But hey it’s not all bad news! According to Laura Kampel, Senior Clinical Psychologist and Head of Clinical Services at Black Dog Institute, a little stress can actually be a good thing. It's like your body's way of saying, "Hey, wake up! Let's tackle this challenge!" But when stress overstays its welcome, it's like that guest who just won't leave the party – not cool.
That's why we're here to help you kick financial stress to the curb and reclaim your peace of mind in 2024.
Why reduce financial stress?
You're barely making ends meet, bills piling up faster than you can say "payday," and the constant worry about money is starting to feel like a heavy weight on your chest. Sound familiar?
Studies show that financial stress can tag along with its buddies anxiety and depression, turning your mental health into a rollercoaster ride you never signed up for. That's why kicking financial stress to the curb isn't just about balancing your budget; it's about safeguarding your sanity too.
When is financial stress a problem?
Financial stress can become a problem if you notice that it’s having a negative effect on your mood, your thoughts are consumed by your current financial situation, or it affects how you show up on a daily basis - you just don’t feel yourself.
Here are some telltale signs that your financial stress is taking over:
Constant worry: Your brain is like a broken record, stuck on the same tune.
Long-term blues: You've been swimming in financial stress for what feels like forever, but your situation isn't getting any better. It's like treading water in an ocean of bills.
Hopeless & worthless: Your situation has got you feeling like there's no light at the end of the tunnel. You're starting to doubt your worth and question if things will ever get better.
Unhealthy coping: When the stress hits hard, you reach for the bottle or something else to numb the pain.
Avoidance tactics: You’re avoiding your financial problems, for example, never checking your bank balance.
Source: Lifeline | Financial stress
Top self-care strategies to help you cope with stress
1. Chill out, mate
Stress might be part and parcel of life, but that doesn't mean you have to let it run the show. Ever tried kicking back with a bit of yoga, relaxation, or some good old deep breathing? These mindfulness tricks aren't just hippie mumbo jumbo. “When practised regularly, these activities can reduce your everyday stress levels and boost feelings of joy and serenity,” Laura says.
2. Break a sweat
Don't underestimate the power of a good workout sesh. Pumping iron or going for a run isn't just about getting ripped – it can be a stressbuster too. Exercise gives your mood a lift and helps you kick those negative thoughts to the curb. So, next time you're feeling the stress creeping in, lace up those sneakers and hit the pavement or smash out a killer workout session. Your body and mind will thank you for it.
3. Reach out and connect
Don't underestimate the power of a good chat with a mate. Whether it's a catch-up over coffee or a virtual hangout, chatting with someone may help lower stress levels. Just hearing a friendly voice or getting a supportive message can help ease those frazzled nerves. And if you're feeling a bit lonely or your relationships are a source of stress, it's time to work on building stronger connections. Reach out to old friends, join a club, or strike up a convo with a coworker. You'll be surprised how much better you feel when you're surrounded by good company.
4. Chow down on good stuff
What you munch on can have a big impact on how you feel. Loading up on fresh fruits and veggies, lean proteins, and healthy fats can do wonders for your mood and stress levels. Think hearty salads, grilled fish, and yummy smoothies packed with all the good stuff. And don't forget about those gut-friendly probiotics – they can help keep your tummy happy and your stress in check. Skip the junk food and opt for a nourishing meal instead. Your body and mind will thank you for it!
5. Catch some Z's
Ever noticed how everything feels a bit better after a good night's sleep? That's because sleep plays a huge role in keeping your mind and body in tip-top shape. When you're well-rested, you're better equipped to handle whatever life throws your way. So, make sure you're clocking in those hours of shut-eye each night. Whether it's hitting the bed early or sneaking in a cheeky nap during the day, do whatever it takes to catch those Z's and recharge your batteries.
When to seek help
If you or someone you know needs help, please call:
Lifeline 13 11 14
Beyond Blue 1300 22 4636
Kids Helpline 1800 55 1800