Money is the number one Stress Factor Ahead of Relationships and Work

Money makes you more stressed than relationships or work.

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Speaking of stress and depression, if there is one thing that really distresses people, it is having financial difficulties. CNBC wrote an article that showed that Americans are 44% more stressed than they are depressed about work or relationships. And the anxiety that comes with financial instability is not a feeling that only Americans feel. Worldwide people are struggling to attain financial freedom and when they do not do it, anxiety and worry creeps in.

The question therefore is what people can do so as to get out of the financial rat race where you spend all your earnings on food and leisure and end up looking for more money to spend.

For businesses, know the right places to get a loan

Getting a loan is not easy. Especially when you are running a startup and it is in its initial stages of growth. At infancy, no financial institution wants to fund you and this can get many entrepreneurs stressed up. You however need not worry because there is this website that clearly tells you how to get trade credit.

Avoid fraud at all costs

When you are running a business, fraudsters are the number one list of people that you want to avoid. You do not want people who have stolen identities of others or whose payment methods might bounce when you have already completed handing them the service or product. To tread with caution, you can use the BIN number list tool to check whether your customers’ cards have been involved in fraud.

Remember what is important and prioritize on it

We are nearing the holiday season where you want to buy every Tom, Dick and Harry a present even if they do not mean a lot to your lives. In January though, there will be bills to be paid, school fees to be met, financial loans and obligations to be met. So, to avoid spending money on things that are not important, spend your money on what is important right now. If something remains, now go ahead and buy the presents.

Track your spending

If you track all your expenses, you are likely to go through the tracked record and make better decisions on your future expenses.

How do you deal with stress related to money

Unfortunately when some people realize that they are not spending money wisely, they end up binge drinking and taking drugs to beat the feeling.

Make financial decisions one at a time

The American Psychological Association claims that when people are faced with so many financial decisions, their decision making skills seem to wane out and they make some bad choices. So, avoid that and try to space out the choices you make.

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