Financial stress can take a toll on your well-being. More than 70 percent of Americans report feeling stressed about money at least once a month, which leads to undesirable health outcomes.
So how do you avoid financial stress? Newsmax’s Richard Agu shares two ways to do just that:
Financially Discipline Yourself
Living a financially stress-free life starts from your ability to financially discipline yourself. It’s a conscious effort to condition your mind against impulse spending or compulsive shopping and unbudgeted expenses. Those in this kind of habit frequently find themselves deep in debt. When they are eventually bankrupt, depression and anxiety set in.
Everybody has to consciously choose a good or bad habit. It’s a choice to live a financial disciplined life. But it doesn’t happen easily. You need to work on your saving and spending habits. You can never be happy in life when your expenditures far exceed your income. Believe me, it’s a miserable situation you don’t want to get into.