7 Incredible Ways to Reduce Financial Anxiety ...

Stressing about money can keep you awake at night — but, no worries, there are ways to reduce financial anxiety. Even if you are the calmest and most collected person in the world, you may panic if your money isn’t right. You might have more bills than income; and too much personal debt can steal your peace of mind. Instead of feeling sad, here are seven incredible ways to reduce financial anxiety.

1. Focus on What's Right

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One of the best ways to reduce financial anxiety — focus on positive aspects of your finances. Your money might not be perfect, but you're probably better off than some people. For example, rather than stress over the fact that you don't have disposable income, be grateful for the fact that you're able to pay your important expenses. The truth is, things could be a lot worse.

2. Be Careful with Credit Cards

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Credit cards can create a vicious cycle and drive you into debt. If you finances need help, don't complicate the matter by using credit card irresponsibly. If possible, always use cash. And if you must use a credit card, pay off balances in full each month.

3. Beef up Your Savings

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Maybe you worry because there isn’t enough in your savings account to handle an emergency. This is a valid concern. However, you can reverse the situation and beef up your account. Going forward, deposit 5% or 10% of your pay into savings — even if this means reducing other expenses to generate extra cash.

4. Reevaluate Your Insurance

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Some people look for insurances with the cheapest monthly premium. Unfortunately, the cheapest premium doesn't always offer the best coverage. Reevaluate your health, auto and any other insurance policy you have. Up your coverage if it's not enough, or get coverage with a lower deductible to reduce out-of-pocket costs if you file a claim.

5. Don’t Stress about Things You Can't Control

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Despite your best efforts to keep your finances on track, things will happen that you cannot control. This might include a car repair or a huge medical expense. The situation is stressful, to say the least, but excess worrying isn’t going to get you anywhere. Do the best you can financially, and don't stress over situations beyond your control.

6. Increase Your Income

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I know, this is easier said than done. But if you can generate extra cash each month, this might be the ticket to peace of mind. Extra cash can go toward paying down credit card debt, paying household bills or increasing your cash reserve. Talk to your boss about overtime, or look into part-time opportunities, such as another job or freelance work.

7. Take Care of Yourself

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The truth is, life is stressful. But if you take good care of yourself, you're in a better position to deal with the stresses. With that in mind, incorporate exercise into your daily routine. Exercising for thirty minutes a day most days of the week can refresh your mind and release endorphins, which are feel-good hormones. Additionally, eat a healthy diet and get plenty of sleep.

Unfortunately, financial anxiety can be an unfair part of life. Just know that you have control over your emotions. You might not be able to fix your money overnight, but with a positive attitude you can get through any financial crisis. How do you reduce financial anxiety?

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