Sunday, 4 December 2011

Handling Financial Crisis

While money is a relatively common cause of stress and marital tension, the serious global economic downturn we’re currently seeing has many people concerned about losing their house or reserves or both. The economy has many people stressed out, depressed, and feeling trap because there is no way out of their debts. Facing a financial mess is not helping your health or your mentality take some precautions in maintaining your health.

  • Locate a financial advisor to assist you in your finances.
  • Contact a consumer credit counselor if you are way over your head in debts.
  • Get proper rest.
  • Avoid drinking caffeinated drinks.
  • Stay away from paying your bills before bedtime.
  • Exercise a couple of hours during the day.
  • Refrain from drowning in alcohol.
  • Join an economic/financial support groups.

While we can’t always control what happens to us depends on how we see what’s happening to us. By acknowledging the feelings and thoughts you have, and gently redirecting your attention to the positive, you can lessen the stress you are experiencing.

When you’re not feeling crushed under extreme levels of stress, you may even make choices that better maximize the opportunities that you still face. Another way to reframe a situation is to take a break from it, and return later with a more relaxed attitude and a fresh perspective. Spending more time doing fun activities with family and friends, enjoying hobbies, or even simply watching comedies on TV can get you into a better frame of mind.

A financial crisis can also be a valuable learning experience. So in these hard times you can make plans for your future and brainstorm for possible solutions. In addition to making a plan and maintaining a positive attitude, it’s important to keep your positive vision for the future in mind. Both long-term and short-term goals are important. Keep your eyes on your goal, and don’t look down!

If you feel that the stress of your financial situation is too much for you to handle, it’s important to ask for help. Often people are afraid or ashamed to ask for help from others, but asking for help is sometimes the wise and necessary thing to do.

In addition to whatever steps you take to relieve the stress of a financial crisis, it’s a very good idea to maintain some ongoing stress management habits for your physical and emotional wellbeing.

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