Sometimes you fall into debt, have too many bills to settle but not enough money. You are bound to feel hopeless about your situation.
Everyone wishes to be financially free, have enough cash to meet even frivolous expenses but in reality that’s almost impossible.
Your financial status may not be perfect but there are ways to get over your money issues.
Valencia Higuera of All Women Stalk lists 7 ways you can stop feeling hopeless about money:
1. Get control of your emotions: If you’re feeling hopeless, there are several #things you can do to improve your emotional and mental state. You may not be able to change how much cash you have in the bank, but if you take better care of yourself, you can reduce anxiety and improve your mood.
For example, exercising at least three times a week can increase endorphins, which are brain chemicals that affect mood. Getting enough #exercise, plenty of rest and a balanced diet can improve your outlook.
2. Look at the big picture: Your personal finances might need work, but chances are you’re doing well in other areas of life. Maybe your employer feels you’re one of his best employees, and maybe you volunteer or always provide your friends with emotional support.
It’s easy to focus on what’s going wrong in our life, but if you focus on what’s going right, you’re less likely to feel hopeless.
3. Make a plan: Sometimes, overcoming hopelessness and discouragement is as simple as creating a plan to overcome a situation. For example, if you have thousands of dollars of #credit card debt, brainstorming ways to pay off this debt can improve your outlook.
It might take several months or years to reach this goal, but with a plan you can make headway.
4. Identify what led to your situation: Being able to pinpoint circumstances that contributed to your financial state is another way to stop feeling hopeless. If you can identify mistakes, you can avoid repeating these mistakes in the future.
5. Realise you are not alone: If you’re going through tough financial times, you may feel you’re alone. Your friends, relatives and coworkers may seem to do better financially, which makes you feel even worse about your situation.
But even if these #people are doing well today, they probably experienced setbacks in the past, and there’s no way to predict how their future income will hold up.
For that matter, understand that everyone goes through tough times. Maintaining control over your emotions is key to overcoming these obstacles.
6. Get help: Some #people can handle their own personal finances. But if a problem is too big for you to handle alone, don’t be afraid to get help. This can come from a relative or friend who knows how to manage money well, or you can work with a #credit counselor or a financial planner.
7. Don’t fall apart if you have a setback:
If you create a plan to improve your finances, don’t become discouraged if you experience a setback. This is common. For example, after paying off several hundred dollars of #credit card debt, you might have an emergency that puts you back into debt. These situations are going to happen, but it’s important not to give up.