It’s easier said than done not to worry about money. After all, much of our lives revolve around it! To be able to live and enjoy what we do, there’s often a financial demand. However, that doesn’t mean you should be ruled by the readies. If you are wondering how to stop worrying about money then the most important thing to remember is that worrying about money, ultimately, is pointless. Rather than worrying about it, which accomplishes nothing, you need to start taking action.
Stress about money is rife. The vast majority of people aren’t comfortable enough to spend money willy-nilly. Most of us really are in the same boat! In can sometimes be easy to let credit card debts and overdue demands prey on our minds.
Various studies show that up to 20% of us feel that worrying about money has impacted negatively upon our health. That’s simply not acceptable – and there are things you can do to break free of such thought spirals.
5 Tips To Help You Stop Worrying About Money
Remember That Worrying Achieves Nothing
To be able to stop worrying about money, or anything at all for that matter, is to remember that worrying does absolutely nothing. Worrying about having to spend money and your financial situation is not the same as planning ahead. Worrying is self-indulgent, self-destructive and distracts you from being proactive.
Worrying about money is a waste of energy. Why worry when you can take immediate action to plan ahead? Millions of people are still able to live healthy, fulfilling lives while living on very little. What’s more, in the day and age we live in, there has never been so much help available from debt charities.
Worrying about personal finance breeds thanks to uncertain situations. Money worries are largely based around our own perceptions of what might happen. Worrying is a form of prediction. If anything, it’s hedging your bets on a negative outcome. Worrying, more often than not, makes us feel as if we have to do it. That it’s the only way for us to properly prepare for the negative.
This is part of the thought spiral we’re going to start breaking free from.
Take Stock Of The Positives
A great way to stop worrying is to lay everything out flat. Take stock of everything positive in your life. Everything you have to look forward to. All of your possibilities.
Focus on where you are right now, rather than where you may be going. Plan ahead, but appreciate the moment. Save for a rainy day if you can, but actively spend more time appreciating what makes you happy rather than focusing on potential events that will make you sad or stressed.
Worrying about money wastes time. Think about the absolute worst case scenario. Regardless of what that might be, there will always be a way out of it. Surely friends and family could help you – and if not, there will be charities, bodies and more who you could always turn to. But there’s a chance that will never actually happen.
By spending more time worrying about that scenario and less time actively attempting to change it, you’re going to be heading straight towards that worst-case situation. There are no two ways about it!
It’s time to figure out your situation and to start taking action.
Figure Out Your Current Situation
Rather than sitting around wallowing over what may or may not be on the horizon, spend time actively trying to understand your situation.
- Start from the beginning – take note of your regular income, your regular expenses, and what things are looking like for months to come.
- Think about the absolute essentials. Cut out unnecessary or frivolous expenses until you can feasibly afford them again. And don’t worry – that time will come back around.
- Actively think about what you can do to reduce debt. Think about people you could turn to for help. Actively approach the companies you may be in debt to and explain your situation. If you don’t reach out, you’re not going to be able to get hold of any kind of assistance.
- If things look bleak, don’t dwell on it. Think creatively about ways you can get around problems.
- Discuss issues with free advisors. Your local Citizens’ Advice Bureau will be a good place to start. They will be able to put you in touch with local debt charities and will also help you build a budget plan if you need advice.
- Try and stick to a budget. Think about finding cheaper alternatives to the things you need to buy.
Stop Doing The Same Things!
Finding a way out of money problems isn’t going to be solved by worrying about them. You’re going to need to stop thinking along the lines of desperation and to start thinking about tangible ways you can attract funds.
- Think about changing your career. Are you being paid enough for what you do? Does your experience or talent demand a higher wage elsewhere? Don’t be afraid to aim higher.
- Think about your possessions. Is there anything you can feasibly sell to drum up extra money?
- Think about taking on a side job where possible – do you have spare time where you could work from home or at a local business?
- Never head straight towards borrowing money. Credit-based finance is only ever recommended if you can afford to pay money back that you borrow. You may find yourself heading down a long rabbit hole if you keep piling credit on top of credit.
- Ask people for help. Why worry about losing pride? If the people in your life genuinely love you and support you, they will be willing to help you find resolutions to your problems. This may not necessarily mean cash advancing, but they may help you find the right avenues.
Change Your Mindset
Learning to stop worrying isn’t always going to be easy. However, it all starts with you. Start taking stock of the positive things in your life, and start looking for tangible ways to save money for the future. Worrying is pointless – taking action means everything. It will take time – and ultimately, worrying is going to waste far too much of it. Stand up and take action!