Beat Financial Stress by Pursuing Better Overall Wellness
If the COVID-19 pandemic has created new financial worries in your life, you are not alone. This time of loss, grief, and worry has negatively affected countless others, in the U.S. and globally. Many are dealing with depression and anxiety. Financial hardship compounds the stress of this time, making it even harder to cope with the strains of lockdowns and fears about public health. If you are one of the millions in the nation suffering from financial stress due to the pandemic, it is even more important for you to practice self-care and access resources for financial wellness. Author Ted McLyman presents some tips you need to use.
Seek easy and affordable self-care practices.
You may be thinking self-care is not an option for you if you are low on funds. If you’ve taken on additional work during this time, you may be low on time, as well. Plus, with limited access to gyms, restaurants, and arts centers, many of the experiences we used to enjoy simply may be off-limits right now. This doesn’t mean you should give up on self-care, however. Here are a few things you can do for yourself that are simple, easy, and cost nothing:
- Fresh air and sunshine can improve your health and sense of well-being.
- A ten-minute yoga session can help you feel better physically and more centered mentally.
- Meditate, practice breathing exercises, or listen to music to calm your mind.
- Look into a Bluetooth speaker so you can listen to soothing music anywhere.
- Take a water break to stay hydrated.
- Take a little time to work on a craft — knitting, painting, and sculpture are several creative and relaxing options.
- If you’re a senior enrolled in Medicare, you could use your coverage to talk to a counselor, psychiatrist, or clinical psychologist.
Take control of your spending.
When we are feeling anxious and depressed, it might be harder to resist the temptation to splurge. While an occasional treat can be a healthy addition to your self-care regimen, turning to retail therapy is likely to make your situation worse. How to resist overspending on unnecessary items may depend somewhat on what works best for you. Some find it easier simply to avoid looking at sites where it’s easy to spend. Others may find that window-shopping helps. Try to replace the urge to spend with other ways to keep occupied, such as watching cute animal videos or journaling.
Seek alternative income sources.
If you have been out of work due to the pandemic, it is understandable that you would be anxious and uncertain. See what options are available for you to bring in income while you look for new work or wait until workplaces open again. You may qualify for a loan or grant to help you through this time of hardship. Another option might be to offer your services as a freelancer while you are trying to get back on track. Depending on your skillset, you may be able to work from home and begin to generate cash flow again. Accounting, copyediting, and web design are a few of the many fields in which freelancers can find work online.
Create a financial plan.
Having a financial plan can help you avoid overspending, get debt under control, and even work towards financial relief. You should set a detailed budget, accounting for all your expenses, big and small. Don’t be unrealistic about income: Include only funds you know you can count on. Consider different debt-reduction strategies, such as debt consolidation plans. If you are having difficulty taking control of your finances, a freelance financial consultant can assist you. Before trusting your finances to an outsider, make sure you read their reviews and compare costs, so you can be sure you’re working with someone trustworthy and effective.
Financial stress is real and can make every aspect of your life feel harder, but many options are available for you to find relief. Take charge of your financial situation today, and practice self-care to help you get through this difficult time.