{"id":3524,"date":"2012-08-27T16:16:10","date_gmt":"2012-08-27T23:16:10","guid":{"rendered":"https:\/\/www.sands-trustee.com\/?p=2624"},"modified":"2020-05-28T13:57:40","modified_gmt":"2020-05-28T20:57:40","slug":"5-ways-to-beat-financial-stress","status":"publish","type":"post","link":"https:\/\/www.sands-trustee.com\/blog\/5-ways-to-beat-financial-stress\/","title":{"rendered":"5 Ways to Beat Financial Stress"},"content":{"rendered":"<p>Financial stress \u2014 it can be a vicious cycle, really.\u00a0 From life events (divorce, illness or job loss) to life lessons (overspending, poor budgeting), debts and other financial responsibilities can really pile up.\u00a0 Once the stress starts many people wind up feeling anxious, scared, angry, and even depressed which, in turn, can cause <em>more<\/em> financial mismanagement when trying to catch up.\u00a0 Sound familiar to you or someone you know?\u00a0 If so, read on for some thoughts on how to win the battle:<\/p>\n<p><strong>Recognize and acknowledge<\/strong>:\u00a0 Juggling bills and robbing Peter to pay Paul?\u00a0 That will probably lead to a clenched jaw and irritability after awhile.\u00a0 Screening calls from collection agents?\u00a0 Undoubtedly you\u2019ll have a poor night\u2019s sleep, but connecting it to financial stress isn\u2019t always as simple as it seems, especially if you\u2019ve been coping for some time.\u00a0 Unfortunately, avoidance won\u2019t fix much.\u00a0 But pinpointing the source(s) of financial distress, so you can eradicate it for good, will definitely help!<\/p>\n<p><strong>Set a daily budget<\/strong>:\u00a0 Figure out what your financial priorities are.\u00a0 Sort your fixed expenses such as rent or your mortgage, then move on to the variable ones, like food and clothing.\u00a0 If paying down a certain loan or credit card is causing the stress then move that to the top of the list.\u00a0 If it\u2019s building up your savings or emergency fund, find a bank account that will allow you to do so as seamlessly as possible.<\/p>\n<p><strong>Talk it out<\/strong>:\u00a0 You\u2019re not alone.\u00a0 Financial-related stress is part of a lot of people\u2019s worries!\u00a0 Whether it\u2019s with your spouse, a friend, or even your doctor, find someone you\u2019re comfortable talking to and go for it.\u00a0 Opening up about the stress of your finances can start to alleviate the burdensome feelings.<\/p>\n<p><strong>Give yourself a break<\/strong>:\u00a0 Once you\u2019ve set yourself on the road to financial peace of mind remember that it will take some time to see results.\u00a0 The new budget may need revisions as you progress and the savings won\u2019t accumulate overnight.\u00a0 In the meantime make sure you allow yourself opportunities to pursue activities that will take your mind off of money.\u00a0 Reading, going for a walk, and meeting up with friends are easy (and cheap) places to start!<\/p>\n<p><strong>Ask a professional<\/strong>:\u00a0 If you\u2019re starting to think your debts are at a level beyond the resources you have, contact a professional.\u00a0 Ask for a meeting with a reputable company to review potential debt-resolution options you may have available to you.\u00a0 A note of caution in this area:\u00a0 It shouldn\u2019t cost you money to speak with someone about your debt (just makes sense right?). Consumer Proposal Administrators or Trustees in Bankruptcy will offer free initial consultations.<\/p>\n<p>If your finances have been causing you anxiety, it\u2019s time to climb into the drivers seat and take back control.\u00a0 Despite how it may feel now and then, no situation is hopeless and there <em>is<\/em> light at the end of the money tunnel!<\/p>\n<p><em>If you would like to speak with a Sands &amp; Associates professional regarding your financial situation please <a href=\"https:\/\/www.sands-trustee.com\/downloads\/\">contact us<\/a> for a free, confidential debt <a href=\"https:\/\/www.sands-trustee.com\/free-debt-consultation\/\">consultation<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial stress \u2014 it can be a vicious cycle, really.\u00a0 From life events (divorce, illness or job loss) to life lessons (overspending, poor budgeting), debts and other financial responsibilities can really pile up.\u00a0 Once the stress starts many people wind up feeling anxious, scared, angry, and even depressed which, in turn, can cause more financial [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":6448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[261],"tags":[38,39,37,50,70,35],"class_list":["post-3524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-free-living","tag-bankruptcy-bc","tag-bankruptcy-trustees","tag-consumer-proposals","tag-debt","tag-financial-stress","tag-sands-associates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.3 (Yoast SEO v26.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Ways to Beat Financial Stress - Sands &amp; 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