How to Cope With Financial Stress (Episode 72)

Updated: June 9, 2021

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Now, back to our episode:

Episode Chapters:

  • 00:00: Introduction
  • 01:53: Financial Stress
  • 03:28: Vicious Cycle
  • 05:06: Talk to Someone
  • 06:52: Financial Inventory
  • 08:57: KonsultaMD
  • 10:44: Motivation
  • 13:07: Stress Management
  • 15:11: It Gets Better

Excerpts and Highlights:

Financial stress affects your physical and mental health because it can lead to unhealthy coping mechanisms, such as drinking, overeating, sedentary behaviors, and gambling. This decline will make it harder for you to manage your money, which causes more financial stress. It’s a vicious cycle.

Keeping money worries to yourself only amplifies them until they seem insurmountable. The simple act of expressing your problems to someone you trust can make them seem far less intimidating.

Don’t punish yourself when nothing seems to be improving. It really takes time, so be kind and patient with yourself. Just focus on the things you can control as you move forward.

Believe that you can do it, and believe that things will get better, because it will.

Research study: A surprising connection: Financial wellness and your overall health

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