5 Strategies for Reducing Financial Anxiety

Financial stress is a common issue that many people face, but there are ways to combat it and regain control over your finances. Certified financial planner Katie Lindquist notes that almost every client she sees expresses feelings of financial stress and shame around their money habits. To help alleviate this tension, Lindquist helps clients get organized and set financial goals.

Financial experts suggest several steps to combat overwhelming feelings of money stress. Bari Tessler, a financial therapist, advises normalizing the feeling of financial stress, as it is a common experience for many people. Sonya Lutter, director of financial health and wellness, recommends checking in with your body to recognize signs of stress and avoid making impulsive financial decisions.

Jannese Torres, author and podcast host, emphasizes the importance of learning your triggers when it comes to financial stress. By exploring past experiences and understanding what triggers your stress response, you can navigate financial conversations more effectively. Stacy Dervin, founder of Tailored Financial Planning, suggests taking small steps to regain control over your finances, such as creating a spreadsheet or tracking spending.

Ultimately, the key to overcoming financial stress is to take the first step towards regaining control. By organizing your finances, setting goals, and focusing on your own financial journey rather than comparing yourself to others, you can start to feel more confident and empowered in your financial decisions. Remember, it’s okay to pause, reset, and come back to a decision later when you’re in a calmer state.