What Is Causing Your Financial Stress? | Cleveland Bradley County Teachers Federal Credit Union

When many people think about stress, they think about the effects stress can have on their health—and rightfully so. However, in order to better manage stress and keep it from affecting your health, you need to know the culprit, which could actually be your finances.

Did you know that around a third of Americans are stressed about their finances regularly? Our team at Cleveland Bradley County Teachers Federal Credit Union wants you to help you find ways to overcome financial stress.

Why Stress Is Dangerous

When you are under stress—even financial stress—it can start to take a toll on your health by increasing your risk of:

• Depression
• Stroke
• Anxiety
• High blood pressure
• Heart attacks

Take Control of Your Financial Stress

There are many culprits of financial stress—with some of the bigger ones being debt, job loss and/or medical bills. However, poor money management skills can also cause you financial stress.

Fortunately, by learning ways to help deal with financial stress better, you can not only protect your personal finances but your health, too.

One of the first things you can do is to make big financial decisions one at a time. When you try to make multiple financial decisions at once, it can cause you to become flustered and overwhelmed, which can lead you to make quick decisions that might not be the best for your finances overall.

Second, you want to make sure you are keeping track of your spending. If you do not know where every dollar you make is going, you can easily fall into the debt trap, which is sure to put you in stress mode. Stay debt-free by making sure you have a plan for your finances and knowing where your money is going on a monthly basis.

Finally, learn how to best deal with financial stress. Sometimes how you react to the stress of your finances is just as important as the stress itself. Rather than turning to smoking or drinking, which can make your financial stress even worse, you want to find ways to deal with the stress of money through healthier habits like writing down a plan and sticking to it!

We are still here for you! Visit our Cleveland Bradley County Teachers Federal Credit Union website to learn about our financial services that can help you better manage your finances.