Overcome Anxiety About Your Money

Published on June 27th, 2019

Many people have financial anxiety that can cause stress, haunting you day-to-day as you try to figure out how to get by with what’s in your savings account. In 2016, a Northwestern Mutual study found that 85% of Americans felt a level of anxiety around money, causing negative impacts on their health, social lives, and careers. We can help relieve some of the feelings when you visit us for loans around Franklin Park.

Financial Anxiety Signs

Anxiety can come from many things—watching your parents worry about bills when you were a child or from seeing your own debt increase while your savings decrease. Some common signs of financial anxiety include:

  • Feeling depressed or anxious about your own finances
  • An obsession with being frugal
  • Relying on others to handle finances

Coping With Financial Anxiety

Here are a few ways to cope with your anxiety:

  • Scheduling regular money check-ins: Schedule time to address your finances to help focus on immediate actions like contacting an accountant or beginning a new bookkeeping system.
  • Exploring your mind and body: Think about your feelings and actions when it comes to discussing money. Are you anxious about making financial decisions, or when you check your account balances online? Jot down your feelings and discuss them when you seek help so you can figure out solutions.
  • Ask for help: Seek help in taking steps to create a budget by hiring a financial professional, but also think about visiting a financial therapist or counselor. Sometimes, they can help you find the root of your financial issues and discuss ways to improve your future monetary decisions. Furthermore, Leyden Credit Union offers all of its members free financial counseling through our partners at GreenPath Financial Wellness.  Please visit greenpath.com for details.

 

When it comes to financial anxiety, we hope to help you take the first steps in figuring out ways to diminish it. As a credit union that offers loans around Franklin Park, we can help you feel more confident in handling your money. If you have any questions, please do not hesitate to reach out to us at Leyden Credit Union at 847.455.8440.

 


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