Okie Life

Finances can often be a significant source of stress in our lives. Whether you’re trying to figure out your financial compatibility with your partner or working on your financial core by saving money, knowing how to navigate these overwhelming feelings is important. We’re here to give you some tips on how to soothe your financial anxiety so you can handle these stressors healthily and productively!

Sources of the Stress 🔎

There’s a wide variety of reasons people experience financial anxiety, and it's important to remember that this issue isn't one-size-fits-all. Everyone’s relationship with money depends on their specific circumstance, making the causes of this stress unique to each person. Some may be worrying about big-picture goals, while others are wrestling with day-to-day struggles. Taking the time to understand where your anxiety is coming from can be the first step in addressing it and learning how to cope.

Common Sources of Financial Anxiety:

• Paying off student loans
• Becoming financially independe
• Job insecurity
• Couples fighting about mon
• Healthcare costs
• Economic uncertainty
• Starting a family

Strategies to Tackle These Topics 🧐

Making sure you feel equipped to handle financial anxiety is more important than you may think! If you don’t take the proper steps to address these worries, it can negatively affect your mental health and lead to poor financial decisions. That’s why when faced with these situations, instead of spiraling, you can try one of these strategies.

Talk with Your Financial Institution 🏦

One of the best resources to get some help with your money woes is your trusted financial institution. Some people forget that they are a treasure trove of resources and professionals eager to offer advice or guide you to programs that can help you achieve your financial goals. For example, OKCU has financial counselors to help walk you through your financial journey.

Talk with a Trusted Advisor 🥇

It’s important to remember that you don’t have to face this alone! Reach out to a trusted family member or friend for some guidance. Especially if they are further along in their financial life, they likely have a few tips to help you figure out your next move. Another route, if it's within your budget, is to talk to a financial advisor. A professional has the expertise to help you handle any money matter you may face!

Build Your Knowledge 📚

Feeling overwhelmed by financial jargon is a common source of financial anxiety. You don't want to appear uninformed, but there are so many terms and phrases that getting started can be a bit intimidating. A good way to combat this is to equip yourself with the knowledge you need to navigate these conversations. Taking the time to sit down and do some research can go a long way. We also have a guide to money mumbo jumbo that helps simplify those pesky terms for you!

Research Reputable Resources 🏆

When researching financial advice, whether from a website or a potential advisor, it's essential to make sure you are sourcing your information from a reliable resource. Your finances are extremely important, and you don’t want to get advice from just anyone! You want to make sure that they are knowledgeable and credible before you take any of their advice.

You Got This 👍

Believe it or not, financial anxiety is something that everyone deals with at some point in their life. Navigating adulthood and dealing with your finances can be intimidating at first. However, by taking small steps to gain knowledge and utilizing the resources available to you, you’ll soon be able to handle your finances like a pro!