Discover Tips to Better Manage Financial Stress

Posted on Friday 28 July 2017

Who doesn't suffer from financial stress today? It's a common occurrence for many Canadians, and so many feel lost or trapped in their own personal circumstances. Approximately 7 out of every 10 Canadians are extremely stressed when it comes to money. When your stressed over your finances it can have a significant impact on your health-this is a fact. Now, as the cost of living increases, the amount of income seems to decrease. There are more and more Canadians falling into disarray due to higher living costs and inadequate job earnings. This has been discussed time and again. In fact, it might be feeling almost impossible for many families to overcome.


Anxiety over money can slowly suck one's happiness away, but it doesn't have to be that way. One can better manage and establish a plan of action that will work and benefit them. It might be harder for some, but it is doable. It needs to be understood that patience is necessary, even when it's hard to keep in place. Sometimes you might have to wait for a better job, or some government benefit to be applied. It takes time. Still, in the meantime Canadians need to find ways to better manage financial stress so that they can live balanced lives. Living in financial jeopardy for a long time is just draining.

Learn How to Manage Financial Stress

The crunch of financial stress continues to increase for many Canadians, but you want to avoid unhealthy coping habits because these just create even more problems. Too many Canadian families simply have too much debt and no matter how hard they work, it's not enough. There are multiple reasons why financial stress occurs, but despite the reasons, the primary concern is how this places stress on relationships.

This kind of stress affects every part of life. You can concentrate or focus on what you need to and your marriage might even be suffering. However, if you can reduce this kind of stress you'll be able to enjoy your life far more and be better off. It's time to get a handle on it, no matter how difficult it might seem. Sadly, some can fall into behaviors and activities that only worsen the stress like: These actions aren't going to make anything better--but they can lead to further discord and disruption in daily life.

Engaging in these behaviours certainly isn't going to make anyone feel more in control of their life. It's more likely these actions are going to increase anxiety and stress and lead to self-neglect. So, what can you do that is considered healthy and well-balanced? How can you begin to see some light at the end of the dark tunnel? If you're ready to work toward a more secure future the first step is understanding the debt cycle and how you might have ended up here.

  • overeating
  • consuming an abundance of alcoholic beverages weekly
  • smoking
  • engaging in drug use/smoking marijuana

One of the secrets to living healthier and happier is learning the steps for general stress management. Of course, positive thinking is one of these ways, but even that can be difficult if you're constantly getting knocked down. Most Canadians have to discover what they need to create a low stress lifestyle and sometimes engaging in stress reducing techniques can be extremely beneficial. No matter where your stress is stemming from--counteracting it is critical to healthier living. You can try:

Living on Less Isn't a Life Sentence

Sometimes you simply have to plan out a budget and learn to live on less until something changes in your life. Know that it isn't forever, but just a stopping point in your life. It can happen to anyone, but proper management over this area can make all the difference to your mental and physical health. You can also look for ways to increase your cash flow on the side to help.

Budget your money and know where it is going--these are very critical key factors to put into play. Once you accept your situation and start working to productively change it, everything will fall into place. No one stays stuck forever, but you have to be proactive and willing to do the work to change.


It's all about YOU! You can live better, happier and be more financially sound when you start on a plan right for you. There's no simple solution, but ignoring your financial stress isn't going to help, is it? Just remember that help comes in many forms and you should not be afraid to reach out to these people: Maintain a positive attitude and take steps to remain engaged and active in rising above these issues.  Creating a vision board for the future can help you reach your goals and move away from adversity!

  • Mental health professionals
  • Friends
  • Family members