Financial stress is so common that certified financial planner Katie Lindquist says almost every client she has tells her they are feeling it. “They don’t...
Financial stress is so common that certified financial planner Katie Lindquist says almost every client she has tells her they are feeling it.
“Increased financial anxiety has everything to do with interest rates, inflation, job challenges, life curveballs and world events,” Tessler says. Those stressors impact almost everybody. It can lead people to freeze and ignore their finances or to check them too obsessively, she says, neither of which is helpful.first.
“The more you know what triggers you, the easier it is to look objectively at your finances and realize you can handle it,” she adds.Tessler suggests slowing your mind down before a big decision, which could be done through activities like hiking, meditation, taking a shower or listening to music. Sometimes, getting a snack, going outside or lowering your shoulders can go a long way toward resetting, she says.
Lindquist says creating a spreadsheet to list all of your accounts, logging in to a workplace retirement savings plan, tracking spending or making a net worth statement to look at assets and liabilities are all great ways to regain a feeling of control over your finances.
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