Financial Grownup Guide: Managing Financial Anxiety During the Coronavirus Crisis
Financial Anxiety is surging in the wake the coronavirus crisis. Here are some ways to manage it and get through it without making financial moves you will later regret.
Some ways you can manage financial anxiety:
Resist the urge to do something - like sell stocks- just for the sake of doing something
Be sure that you are making regular contributions through your paycheck to your retirement account
if you aren’t already, automate as much of your finances as you can- including debt repayments and savings.
Try to lower your interest rates on any debt you have
Spend time at home with family
Catch up on some reading
Watch a movie at home (throw in some popcorn if you want)
Take a walk in the park or around your neighborhood
Listen to some music
Practice some meditation
Talk with a Financial and/or Mental Health Therapist- Many of which are available remotely
Anti-Anxiety Medications- After talking with your doctor, of course
Be mindful about where you are getting your news
Do the things you meant to do, but could never find the time
Stay healthy everyone!
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