Financial Stress Facts and Solutions

weak global economy may be old news, but the effects of slow recovery and continue to maintain and build. For many people, lasting for more financial challenges takes its toll. Regardless of the economic bracket you fall into, the state of the world economy affects the decisions you make about money and lifestyle.

In light of this situation, did you know that financial stress may be responsible for up to 60 percent of all disease? 2011 Study of Financial Finesse Inc. reports this fact, together with other fascinating trends in people experience financial stress.

One bit of good news from this study is that people have made some changes in their personal finances, so you have to handle financial stress a little better than a few years ago. Generally, people are striving their budgets better, spending less and saving more. It is good in the long term and sound habits, but may in fact be a slow financial recovery. Although the numbers may be slightly improved, financial stress is still an epidemic.

number one driver of financial stress is bad money management. Any individual, corporation or government, the budget tends bitno.Iznenađuje thing is that the stress associated with money management seems to be most prevalent in middle-income (those earning $ 60.000 to 74.000 / year) that tend to accumulate more debt than their lower income or higher income neighbors.

In this study, women were found to be more sensitive to financial concerns than their male counterparts, as were employees in the 30-44 age range. It may surprise you to note that married people actually experienced less financial stress than their peers of one. This may be due to the fact that spouses can work together (ideally) to make ends meet.

If the main problem is money management (balancing out what goes with what comes and aim for a surplus), then what are some keys to reducing the level of financial stress?

The first thing to be honest with yourself. You know where you stand. Many people do not hold the budget and / or monitor their consumption good. If you do not have a budget, a simple way to add character once your income for the month, and then put your expenses into categories and add up a month worth of expenses in each category. This can be done using a bank account, check register and credit card statements.

In addition, make sure that everything you spend money on is represented in quantities that reflect what you would normally do.

Then, do the math.

How to match your income against your expenses?

Finally, decide what you will make the budget balance shift so that you end up with a surplus at the end of each month. This may mean getting creative about ways to earn more money or to use the unused talents. This may mean sticking to spending limits in each category.

Once you have the budget, make sure it is realistic to what will actually work. If you know you'll spend on something, because you always do, make sure it's in your budget. It is also a good idea to have something like a category labeled "Other" for those unexpected expenses or spontaneous needs.

Once you have your budget in place, realize that life is not just about money and numbers. Your attitude is important. Meaning and purpose are vital. Your relationships are precious. Regardless of where you stand financially, be glad for what you have. The center is at the present moment and realize that you're fine right here and now.

In addition, follow through on the good things you need to do to be healthy and energy, such as eating well, exercising, relaxing and resting. Practicing self-care, staying positive and grateful, not only to relieve stress, but also put it in the right frame of mind to be inspired action.