Coping with Financial Stress

My financial stress level has gone down considerably the last few years, although I doubt it will ever disappear completely. It will probably be there even after all of our debt is paid off and we have a lot of money in the bank. I’m the last person who should give advice on how to cope with stress. I am not the best at doing that. But, I found a good article on Yahoo Finance that may be helpful.

5 Ways to Ease Your Money Stress

The biggest tip I’m taking from the article is the breathing exercise. You breathe in healing colors (which for me will be purple and green ) and you exhale stressful colors.

Posted by Tricia on January 17, 2009 at 11:24 PM in General Personal Finance | 7 Comments »
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the weakonomist responded:
Posted: January 18th, 2009 at 9:24 am
The rule about the bedroom being for sleeping only is crucial.

My fiance sends way too much time in her room. She watches TV, plans her wedding, works on the computer etc…

She rarely gets a good night’s sleep because of all the stress she puts herself under.

I spend a decent amount of time in my room, but I don’t ever do anything stressful. Coming into my room is like a zen closet of tranquility.
Tricia responded:
Posted: January 18th, 2009 at 10:34 am
Our bedroom is for two things…sleeping and my home office. At first it was difficult to keep the two separate, but now I can usually go in my room at night and not even notice my desk. Out of necessity it the room has double function. In our future home, we will probably keep the master bedroom multifunctional to maximize space. But we will have it partitioned or have the home office hidden or something.
Colleen in MA responded:
Posted: January 19th, 2009 at 11:42 am
Great link – thanks! I would also add reviewing financials for a set period of time. I can get myself into a zone reviewing credit card rates, checkbook balances, past budgets, etc etc. Sometimes I have to force myself to put it away and do something fun. But I remind myself that after my planning it all needs a chance to work – away from me.
Claire in CA, USA responded:
Posted: January 20th, 2009 at 12:09 am
When we took Dave Ramsey’s class, he said that his wife requires that they have an emergency fund, and a back-up emergency fund, and a back-up to the back-up emergency fund because of their past financial disasters. I can’t wait to just have our debt paid off. That will lessen the stress considerably.
Russell responded:
Posted: January 20th, 2009 at 1:39 pm
I worked as a free debt adviser for over 10 years here in the UK. Official statistics showed that over 25% of debt clients suffered mental illness. Of the people I helped every working day, I would say the figure was closer to 60%.

All the best.
shonna responded:
Posted: January 21st, 2009 at 10:58 am
What a great blog post on how to deal with the stress! I absolutely love it. I would hope that everyone would try these very useful tactics!
Carolyn Sexton responded:
Posted: December 2nd, 2009 at 1:20 am
A career in financial planning is still lucrative despite the worldwide financial crunch. As long as money is used in our economy financial planners will be needed. You have to pay your dues to become a financial planner but once you pass the test and prove your mettle, you can expect a handsome return for your efforts.