How to Manage Your Financial Anxiety During COVID-19?
Updated: Feb 22, 2022
If you’re experiencing financial anxiety right now, I want you to know that you’re not alone. The coronavirus outbreak has shifted us into a time of uncertainty which may have you feeling a bit overwhelmed.
What is financial anxiety?
Does your body begin to tense up at the thought of tackling financial tasks?
Are you experiencing sleepless nights due to your personal finances (not having enough funds in case of an emergency or due to a decline in your investment portfolio)?
Are you experiencing panicky feelings or having many arguments with your spouse about money?
These feelings are not uncommon especially in the midst of a global crisis that will potentially lead to a recession.
Here are some tips to overcome financial anxiety:
Track Your Spending
Contribute to Your Emergency Fund
Don’t Compare Yourself to Others
Eliminate Financial Shame
Create a Financial Strategy Plan
Talk to Your Partner
Know Your Triggers
Are you currently experiencing financial anxiety?