Financial Worry : Top Tips for Tackling Stress

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This week is stress awareness week, and one of the leading cause of stress is financial stress. No matter who you are, being in debt is going to affect your mental health.


Financial Worry

Stress is our body’s response to pressures from a situation or a life event. Feeling like you have no control over your finance and that there is nothing you can do about is going to weigh on your mind.

| Overview

One in five adults in the UK feels anxious on a daily basis due to their financial circumstances. Today’s millennials are feeling the pressures of University tuition payments, buying their first home and supporting themselves in an expensive world.

Isabella Goldie, director of the Mental Health Foundation thinktank, which commissioned the research, said: “Millions of us around the UK are experiencing high levels of stress and it is damaging our health. Stress is one of the great public health challenges of our time, but it is not being taken as seriously as physical health concerns.

| What can you do to help

When you are anxious and stressed out about negative equity/debts or any other problems happening in your life, it is easy to push it to the back of your mind and not deal with the issue. This isn’t a long-term solution, that worry will be there eating away at you slowly.

We can help with financial worry & stress

Whatever your circumstances, the process starts with a case review. We will obtain all of the original documentation on your mortgage from your lender so we can assess your needs and work out the best way for us to help you

| Signs of Stress

Emotional Changes
– anxiety, fear, anger, sadness
Behavioural changes
-Not sleeping correctly, how you interact with friends and family, drinking and smoking habits have increased.
Bodily changes
– Headaches, nausea and indigestion. Long-term you may have sleep and memory issues, your eating habits may change, or you may feel less inclined to exercise.
Some research has also linked long-term stress to gastrointestinal conditions like Irritable Bowel Syndrome (IBS), or stomach ulcers as well as conditions like cardiovascular disease.

| How can you deal with stress?

There are steps you can take to lower your stress levels. It will vary depending on the person and to what degree stress affects them personally.
1. Identify the Problem
If you haven’t already identified what is causing your stress, then this is your first. Being able to admit something or someone is stressing you out and acknowledging you need to do something about it is crucial. Ignoring the issue is only going to increase your stress levels.
2. Be Active
Whether it is taking a walk, doing yoga, going to the gym or playing a sport, having some physical activity in your routine will help clear your mind and help diminish some of the emotional intensity that you’re feeling. Exercise increases your endorphins which triggers positive feelings in your body.
3. Goal Setting
Set out goals for yourself, make tangible weekly or monthly goals and make bigger life goals, that will address the more significant issues that are causing you stress. For example, create a weekly goal that you will go to yoga twice a week. A bigger goal would be something that causes anxiety and tension on your life such as negative equity, make a goal that in 6 months you would have contacted Negative Equity UK and by the end of the year, you will have moved on from your negative equity house. Mindtools has great tips on how to set goals and keep track of them.
4. Time management and saying “no.”
Nowadays people have so much on their plate and are trying to do too much. You need to prioritise and accept that you cannot do everything. You also need to learn to say “no” sometimes. You may fear the conflict that comes with saying no but if you already have so much on your plate, then sometimes you have to say no! You don’t have to be rude or passive to people. They will most likely understand if you explain to them how busy you are at the moment.
5. Be Postive
A key enhancer of stress is negative thoughts. Being negative is only going to make you feel worse about yourself and bring more negativity into your life. It can be hard to stay positive if things aren’t going as planned, but try these three tips to help you stay positive throughout the day:
1. When you wake up in the morning, either while you are brushing your teeth, doing your hair, showering, think of 3-5 things you are grateful for and repeat them in your head or out load until you are done your task.  Every day try and think of new things you are thankful for.
2. If you are starting to feel down during the day, take a 10-minute walk outside, watch a funny/happy youtube video, listen to an upbeat, happy song that makes you feel good and start your day over from that point. Whatever has happened that day is now in the past.

3. At the end of the day write down 3-5 things you did that day that you are proud of or that went well and made you feel good.  This could be the fact you went to the gym, you cooked a recipe you’ve wanted to try, it could be that your boss loved your pitch you had been working on for weeks.

Try some of these audio books to help you stay positive and feeling good about life.

Stress is an issue that is not talked about enough in today’s society, and a vast majority of us suffer from it at some point or another in our lives. Stress can be a gateway to depression for some people, don’t let it get to that point, there is nothing to be ashamed of if you are suffering from stress and anxiety! Do not ignore these feelings and take action and get help!

If you are in negative equity and want to take your first steps toward becoming negative equity free, call one of our local experts today and book your FREE consultation! We are here to help with any concerns you may have.


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