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We’ve all felt financial stress in our lives at one time or another. Dealing with that financial stress can feel like a daunting task when you’re not sure where to begin.
If you’re looking for ways to manage a financially stressful situation, here are some suggestions for taking charge of your money and feeling better about your circumstances.
1. Figure out where the money stress is coming from
Start by identifying the main sources of money stress. Some common sources of financial stress include:
- Not being able to pay your bills, or not being able to pay your bills on time.
- High levels of debt.
- You don’t have money for emergency expenses, like if your car breaks down.
- You’ve lost your job, or you’re worried that you might be laid off.
- You’re worried that you won’t be able to pay for an upcoming expense.
When you understand the main sources of your financial stress, you’ll be able to better tackle the problem. List out your main stressors so you can brainstorm ways to start addressing those items.
Set aside time two or three times a year to review and revise your list. As you consciously tackle your biggest money stressors, you’re more likely to make positive progress.
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Our evaluations and opinions are not influenced by our advertising relationships, but we may earn a commission from our partners’ links. This content is created independently from TIME’s editorial staff.
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