NOTE: This is a part of a new series of articles about money and stress, which has been a big concern for readers here. For more help on the subject of bringing more money into your life, using the Law of Attraction and EFT, read 10-Day Money Makeover.
In today’s economy, stress can be an everyday reality. But it doesn’t have to rule your life. You can learn to relieve stress so that you don’t have to suffer from the problems caused by chronic stress. Regardless of where you are financially, there’s a plan for you.
If you’re in good shape right now, but still feeling anxious about the future, you’ll want to make a financial plan. This should include a plan for getting out of debt, saving money for emergencies and for your future, and increasing your income to deal with the rising inflation. You’ll also want to think about what kinds of job skills you might need to ensure that you have marketable skills in an unstable economy.
If you’re looking at the possibility of a layoff, it’s time to prepare your household. Before you’re in the position of having a decrease in income, decrease your expenses. You can save money on luxury items such as cable TV, eating out, and other nonessential items.
Take that money and keep it in a savings account. This money can protect you for a few extra weeks should you lose your job. You should also go ahead and polish your resume and do whatever you can to improve your job skills.
If you’re underwater because of a bad home loan, big medical expenses, or a job loss you’ll want to get to work on a plan to stabilize things as much as possible. Realize that you may have to give up a home or take a bankruptcy, but that many people are able to avoid this by making a strict financial plan and sticking to it.
You may want to talk to someone with consumer credit counseling to see how you can handle your finances. Everyone is different, but for most people there is a way to handle a financial crisis and come out better in the end.
Remember that having money problems doesn’t have any bearing on who you are as a person. Money is just money – it doesn’t give you value. Focus on the other aspects of your life that are going well and realize that this difficult time doesn’t define you.
There is help for you and you can have a future filled with financial security. You may have made some money mistakes that got you in the position you’re in, but the good thing is that you can learn from them and have a more secure future.