Where Does Financial Stress Come From?
First we need to understand the origin of stress if we're going to tackle it. The root of most stress is uncertainty. Therefore, the root of financial stress is not knowing the true state of your finances.
Start by taking note of your obligations. Write down all your debts. That way, they're on one sheet of paper, and you can see them in one place. This may be rather scarry at first, but this way you don't have retain them in your memory since they're committed to paper.
The next step is to create a plan to get out of all your debt. Some people like to start by paying down the debt with the highest interest rate. Others like to pay down the debt with the smallest balance; that way it's accomplished in a relatively short period of time and they feel good about themselves.
Seeing a List of My Debt Will Worry Me
Actually, seeing all your debt in one place will be a good thing. It allows you to address the issue and see it in a new perspective.
The key is that you shouldn't go down the road alone; have a trusted friend help you along the way and share the psychological burden. Don't ever think about the outcome you don't want, only the one you do want; think about what you'll feel like when your debt is paid off.
If you find yourself preoccupied with it, take time off from it; be it ten minutes or less, just chill. You'll come back refreshed and hopefully have a new frame of mind conquering it.
Breathe Deep and Reduce the Stress
Deep breathing is the best way to cope with stress. Not unlike the breathing performed when exercising. It relaxes you and clears the mind. Not only is it wise to exercise during periods of high stress, but make sure you're eating well and drinking plenty of water.
Chewing gum can also relieve stress levels.
What are some of the issues that have you stressed today?