It is no secret that money can take a toll on people’s mental health. Recent studies have shown that almost half of Americans stress out about money-related issues.
Unfortunately, it does not stop there. On top of mental health, financial stress is one of the biggest causes of relationship problems. Whether you are someone who lives paycheck to paycheck or you are a saver, it is likely money can impact your mental health. Addressing your relationship with money is the best place to start when trying to take control of your mental health.
If you are looking for ways to not let money negatively affect your mental health, Managing Partner here at CCFP, Josh Bradley, has provided some helpful tips to start with.
While you may feel lost and not in control of your finances, there are some things you CAN control. Josh recommends starting with those things first. The first thing you can do is identify simple goals and objectives that you want to accomplish. For example, setting a budget goal.
The second thing Josh recommends is to track spending. There are multiple apps that can help you see where your spending is going or where you are on track for retirement. These tools are useful because being able to see your financial progress can relieve a lot of financial stress.
The last tip Josh has for you is to not walk through this alone. Talking with an advisor who wants to help you thrive can relieve stress. At Capital City Financial Partners, we have many talented financial advisors who are determined to get you on the right path and take away financial stress.
