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A Simple Strategy to Deal with Financial Stress

A Simple Strategy to Deal with Financial Stress

August 31, 2020

Over the last few months, we’ve all felt the economic and emotional impact of another wave of coronavirus infections. It’s no surprise that people everywhere are experiencing high levels of stress and anxiety.

When things feel uncertain, it’s natural to go into “financial planning” mode; to attempt to scenario plan all possible conditions. While it’s prudent to be keenly aware of where you stand today (so that you know what steps can help you achieve your goals in the future), it’s also important not to work yourself into a frenzy!

As trite as it may sound, practicing gratitude is a simple and accessible way to help deescalate your financial stress.

Practicing gratitude forces you to consciously acknowledge the things in life that provide comfort, happiness, and satisfaction; things that are often taken for granted or easily forgotten. And, in the process, it can help you feel satisfaction that you really do have “enough.”

While practicing gratitude won’t solve all problems, the next time anxiety starts to creep in, try to think about just one thing in your financial life that you feel content about right now.

Investing involves risk, and the return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Past performance does not guarantee future results.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.