How to handle financial anxiety ahead of the holiday season

Nov 1, 2024 · The holiday season can invite a lot of reasons to spend. There are flights to book, gifts to buy, special outfits for parties, extra food for visitors and the temptation of seasonal …

FAQs about How to handle financial anxiety ahead of the holiday season Coupon?

How do you deal with financial stress this holiday season?

Go in on joint gifts There’s a good chance that others close to you are also experiencing some financial stress this holiday season, and pooling your resources to give a joint gift can be a good way to reduce some of your stress. Reach out to your siblings to see if they want to go in on that Instant Pot your mom has been wanting. ...

Do you feel financial stress during the holidays?

Anyone, regardless of income, can feel financial stress during the holidays. Consider these ways to celebrate and spend time with your loved ones, without facing extra financial stress. 1. Discuss low-cost ways to celebrate with family and friends ...

Does holiday financial stress affect mental health?

A new survey shows how holiday financial stress affects mental health. According to a new study, half of Americans are concerned about their own and their family's mental health this holiday season. Over half of Americans view the 2022 holiday season to be more financially stressful than that of 2021. ...

Should you talk about financial problems during the holiday season?

If you are having financial difficulties, it can help to talk about it with your family and friends. “Sharing about stress can in and of itself be therapeutic for the individual who may be having concerns for that during the during the holiday season,” Wills said. Making room to listen to your loved ones’ feelings is equally important, she said. ...

How do you deal with financial stress?

Space out your financial decisions instead of making too many at once and becoming overwhelmed. Track your spending. Research shows that tracking can be an effective tool. Keep a daily list of how you spend your money. Identify your financial stressors and make a plan. Take stock of your financial situation and where money causes you stress. ...

Should you prioritize your mental health during the holidays?

And if the holidays are a tough time for you, Wills recommended that you prioritize your mental health and good habits such as resting well and exercising. It’s the season where social events are happening every weekend but if they are causing you too much financial stress or hurting your mental health, it’s okay to be selective. ...