3 Ways To Relieve Financial Pressure

Financial pressure builds in most people at one time or another.

If you aren’t feeling it, you know someone who is.

In a ‘do better,’ ‘accumulate more,’ ‘keep up or catch up,’ and ‘whatever you do don’t let them see you sweat’ culture, pressure is accepted as a given. But when a major crisis happens, the pressure is magnified.

More people lose jobs, all assets tank, debt increases and pressure mounts to very unhealthy and unproductive levels. For those feeling excessive financial pressure, here are three ways that you can find some relief.

1. Communicate: Under stress, it’s more comfortable to sweep the problem under the rug and only clean up the mess when it gets out of hand. This increases the pressure, especially in couples. To relieve that pressure, clean house, and get the problems out in the open.

When communication opens up, get beyond griping and venting about the past, and move toward forgiving past actions, both in others and in yourself.

Where you are now and how you move forward is what really matters. Relief for many can stem from just talking it through.

2. Plan: If your previous financial plan worked, you wouldn’t be feeling pressure. So the obvious thing to do is revise and update your plan and begin working it.

Analyze what happened, where you are now, and update where realistically you want to be and can go in the future. While the path to this new future will still have some bumps, moving forward should relieve feelings of hopelessness and despair.

This may start with a cash flow statement, a new budget, a net worth calculation, or something less mathematical such as reviewing credit card statements or discussing job options. Just having new goals will allow some forward movement and that can relieve the quandary about what to do.

3. Work: Idle minds dwell on past events, often reliving them, which can lead to increasing pressure.

One way to relieve this pressure is to stay focused on what you are doing and work harder to be more productive. Increasing your output will not only take your mind off your troubles, but it will also move you toward improving your situation.

If you are working at capacity, then consider what you are working on and its impact on your situation. You might find that you could be more productive doing something else.

A sense of accomplishment works wonders for relieving pressure. While the common advice of laughter and exercise will work wonders for relieving pressure, more specific actions may be more useful in this current financial environment.

The macro economy is beyond your control, but the things you do control can make a big difference. By increasing your communication, revising your financial plan, and increasing your productivity, you may find relief from your current financial pressures.

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