When it comes to our finances, most of us feel some level of stress. For some, this stress can be overwhelming and have a major impact on our daily lives. In this blog post, we will explore the top areas where financial stress impacts us the most. We will also discuss a simple solution that can help reduce this stress. Financial health is mental health, and it is important that we take control of our personal finances if we want to live a healthy and happy life!
When it comes to money, an object with no feelings or emotions, we often allow it to dictate how we feel. We can become so bogged down by financial stress that other areas of our lives begin to suffer. It’s important to understand what area of your life is most affected and begin to manage accordingly.
This is the exact question that PwC asked in its 2022 Employee Financial Wellness Survey. The results were as follows.
The good news is that you are not alone if you are feeling the stress of personal finance. At My Financial Snapshot, we actively work to alleviate the pressure of personal financial stress through our tools and education.
Budgeting can be a great step to reduce your stress about money. It can help you see where you are making money, and where you are spending it. You can find places you are spending money you didn’t even know about. Spending too much money at Starbucks or on Amazon last month? Did you make a big purchase at Bass Pro on hunting gear that you didn’t need? Our budgeting tool can help you spot things like this and many more.
We are here to help you alleviate financial stress because good financial health leads to good mental health!