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Are You Financially Stressed?

Are you financially stressed? If you are, know you're not alone. Here are five tips to help alleviate the stress.

Full Transcript: 

Hello, welcome to Arista Advice. Topic of the week is financial stress.

Last year John Hancock conducted a national survey, and they interviewed 3,500 participants. Inside that survey they asked some questions, and the results were astounding.

Before the pandemic, 39% of people had financial stress. Following and during the pandemic, an astounding 62% of those respondents were experiencing financial stress. 

Are you financially stressed? Are you financially nervous and scared and worried? 

Let's talk about five things that you can do to become less stressed, and to take this number from 62% back down to 40%, 30%, 20% and potentially a much lower number.

Number one: recognize you are not alone. What's worse than being alone is to feel alone. You're not alone if you're having financial stress.
Number two: talk with someone you trust, a friend, a co-worker, a neighbor. Get out and talk to somebody about this financial stress to get it out of you. Financial stress is directly correlated with overall health and wellness.
Number three: determine where your money is going. Every dollar and cent counts. Benjamin Franklin said that big ships sink by small leaks.
Number four: set realistic financial goals, and make a commitment to yourself and to your friend, or spouse, or relative, or neighbor about correctional steps that you're going to take.
Number five: stick to this plan. Take small, tiny steps, and you will then see big changes in your life.

Hope you're well. Remember, go to AristaWealth.com to look at tools, tips, and videos to help you.