GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
A 2023surveyby MoneyGeek found that of 1,200 respondents, 89% said that finances added to their stress.
Finding ways to deal with financial stress is crucial for your mental, physical and financial health.
She also has some tips and strategies for not letting it get the best of you.
In a recentYouTube video, she talked aboutfinancial stress and how to deal with it.
Take into account your income, savings, investments, debt and any other assets you own.
Once you know what you have, you could determine what youre missing and where to focus.
Opening an IRA can help you feel more secure about your future.
When your paycheck comes in, every single dollar should have a plan, Cruze explained.
Being this exact when it comes to spending gives youpower and controlover your financial health.
So its no surprise that debts significantly contribute to financial stress.
To combat this, you should find ways to pay off your debt.
Both methods work when you pay more toward the principal of certain debts.
With thedebt snowball method, which Cruze recommended, you pay off the smallest debt amounts first.
As you completely eliminate debts, youll gain momentum and have fewer debts to worry about.
Earn Extra Money
One proven way to reduce your stress levels is to make more money.
There are various ways to improve your income potential.
Finding a part-time job or side hustle is another great way to generate extra cash.
Its important to remember that getting extra work doesnt have to be forever.
More From GOBankingRates
Share This Article:
