[Y]ou jump when the phone rings, hit “Ignore” on your cell phone when a number you don’t recognize pops up, and dread getting your mail from the mailbox. Pay day isn’t something to look forward to because you have to figure out which bills to pay and which ones to postpone. And you dread the day when you can no longer juggle your creditors.
If this sounds like you, then it means you understand the meaning of financial stress. It’s difficult when you live from paycheck to paycheck and cannot meet all of your obligations. It’s even worse when creditors start contacting you about your debt.
Financial problems can cause serious stress that extends into other areas of your life, including family and other relationships, your physical and emotional health. Unless you win the lottery or get an inheritance, you can’t make your problems magically disappear, but you can learn how to deal with the stress.
• Exercise – exercise is one way to get rid of the adrenaline that accumulates in your system when you’re dealing with creditors; it can help relax you and make you feel better
• Get plenty of sleep – this is often a tough issue because you think about all of your bills when you’re lying in bed trying to sleep. Try some natural remedies or even talk to your doctor about medication to help you sleep. You’ll feel better able to handle problems after a good night of rest.
• Eat healthy – when you snack on junk food, your body and brain feel drained and tired. Eating healthy gives you more energy and helps fight off depression.
• Don’t avoid the problems – ignoring the problems don’t make them go away. Instead, talk to creditors or even a financial counselor to help you come up with a plan to resolve your financial issues. It may even mean filing bankruptcy, but a solution will help you feel more in control.
• Find someone to talk to – most people don’t like to share their money problems with others, so they deal with things on their own. Having a friend who can support you will make you feel less alone, and they may even find a solution for you.
[I]f you have a bad credit score, you may benefit from the changes coming to credit reports soon. If you’re one of the lucky ones, you’ll see your credit score improve. In fact, it is expected that up to seven percent of those who have credit histories could see a benefit. What Changes Most civil […]
[Y]ou’re deep in debt and you want to pay it off to improve your credit score and to make life simpler. You want to pay it off as quickly as possible, which means making some major changes in your finances and life. Many experts tell you to stop spending any more money than you have […]
[I]f you’re trying to become more financially stable and improve your credit rating, you must be careful with how you spend your money. While you don’t want to give up everything fun in life in order to be frugal, you also want to avoid wasting your money on unnecessary expenses. Here are three ways people […]
[Y]ou hit rock bottom with your credit. All of your accounts went to collections and your car was repossessed. You don’t even want to check your credit score because you know it’s bad. While the situation might seem hopeless, you can turn it around. Once you’ve lost any credit worthiness, you are ready to work […]
[I]f you’ve been dating someone for a while, you may be getting serious. Before you start dreaming about the perfect wedding day or what life will be like with 2.5 kids and a dog, you need to know you’re on the same page about important issues. While many people think nothing of talking about how […]
[Y]ou pay everything with cash. Your motto is “If I can’t pay cash, I can’t afford it.” That means no credit ever. You may assume that you don’t need to worry about your credit score if you don’t plan to use credit to buy anything. Unfortunately, credit isn’t just about loans and credit cards. A […]
[I]f your kids are old enough to take on a summer job, now is a golden opportunity to teach them about money and finances. If you start them out right, they will know how to handle money and financial responsibility for when they are earning a full-time income. Here are three tips to use this […]