Important to Know: What is Financial Stress

In one study, more than 50% of participants reported having two or more financial stressors.

What is financial stress

This is stress due to various situations related to money: lack of money, debts, upcoming large expenses or lack of savings.

Short-term stress is normal and sometimes can even be beneficial: it will teach you to adapt to changing external conditions.

How stress affects money

Stress causes panic, which encourages impulsive or high-risk financial behavior.

For example, you can take on an unaffordable loan, debt obligations, or invest your last money in a dubious business under the influence of fear or excitement.

How to tell if you have chronic stress

The person becomes very nervous and hypersensitive, is depressed and pessimistic, feels helpless, and has difficulty concentrating.

Additionally, you can eliminate the feeling of fatigue, apathy, nervousness or fussiness, cravings for alcohol or junk food.

• Related news:
• stress
• mental health
• finances
• 9 October 2023

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