How do you deal with financial stress?

[Xampeuu]

The situation in the country is now very bad, the price of every thing is increasing at double rate.

It is not just bad but getting worse everyday, people are really struggling to survive.  The least thing one can buy right now is even more than a dollar, I mean the the least thing you can think about talk much about basic things like food and other things. This is critical period that one needs to take note on how they spend money, it will be very shocking that money is being spend unnecessary their won't be any money left at hand . This period their is no need to crave for designers wears , hangouts that requires much money. Every life style needs to be cut short to meet up the hard economy .

too bad the luxury goods are still selling like a hot cakes.
the money aren't circulating to the middle class and lower, its circulating among the riches, but thats on its own is fine as long as they pay taxes. the thing is that, the price of the goods and its increase just doesn't really get followed up by the people salaries, its hardly rising while sometime the inflation itself increase more than the salary.
basically decreasing the purchasing power over the year.
thats just how it is with current economy, one needs to have 2 jobs to survive.

We really have to have other income to be able to survive in an era like today, and this not only changes economic conditions, but what I feel also changes the civilization that occurs around my environment, because I live in a rural area. where it seems that everyone is starting to be individualistic because they are busy making money, where it is very rare to see neighbors chatting casually with each other, as if 24 hours in a day feels like there is not enough time to carry out activities to make money to fulfill their lives, it will be more difficult for those who have a high lifestyle but it doesn't match their income

[1715281578]

1715281578

[1715281578]

1715281578

[Rabata]

The situation in the country is now very bad, the price of every thing is increasing at double rate.

It is not just bad but getting worse everyday, people are really struggling to survive.  The least thing one can buy right now is even more than a dollar, I mean the the least thing you can think about talk much about basic things like food and other things. This is critical period that one needs to take note on how they spend money, it will be very shocking that money is being spend unnecessary their won't be any money left at hand . This period their is no need to crave for designers wears , hangouts that requires much money. Every life style needs to be cut short to meet up the hard economy .

too bad the luxury goods are still selling like a hot cakes.
the money aren't circulating to the middle class and lower, its circulating among the riches, but thats on its own is fine as long as they pay taxes. the thing is that, the price of the goods and its increase just doesn't really get followed up by the people salaries, its hardly rising while sometime the inflation itself increase more than the salary.
basically decreasing the purchasing power over the year.
thats just how it is with current economy, one needs to have 2 jobs to survive.

We really have to have other income to be able to survive in an era like today, and this not only changes economic conditions, but what I feel also changes the civilization that occurs around my environment, because I live in a rural area. where it seems that everyone is starting to be individualistic because they are busy making money, where it is very rare to see neighbors chatting casually with each other, as if 24 hours in a day feels like there is not enough time to carry out activities to make money to fulfill their lives, it will be more difficult for those who have a high lifestyle but it doesn't match their income

Upper class people are not affected by inflation. But for some who are middle class or lower middle class, life has become miserable. Low income people are the most affected by inflation, especially those who do fixed salary jobs, which does not affect a businessman because if the price of goods increases, he determines the additional cost of his goods. There is no way out of this situation. But if everyone is aware, we should reduce our expenses as much as possible. But then this problem will not be solved until we can increase our income. Every person must focus on increasing income otherwise it will be difficult to live normally in this age.

[BRINIRHA]

We really have to have other income to be able to survive in an era like today, and this not only changes economic conditions, but what I feel also changes the civilization that occurs around my environment, because I live in a rural area. where it seems that everyone is starting to be individualistic because they are busy making money, where it is very rare to see neighbors chatting casually with each other, as if 24 hours in a day feels like there is not enough time to carry out activities to make money to fulfill their lives, it will be more difficult for those who have a high lifestyle but it doesn't match their income

I think I understand you on this. Because I also feel that nowadays people are becoming much more individualistic. Previously this happened in urban areas but now it seems the same in rural areas. Everyone is becoming busier in looking for additional income. So after work they just rest for a while and then immediately do side work. This right indeed indicates that the main job is no longer sufficient for a person's monthly needs. So it is natural that nowadays people are starting to become busier at work and no longer have free time to chat casually with their neighbors. But in several villages that focus on agriculture, the sense of individualism is still not felt. Maybe because they only focus on agricultural work and after returning from the garden they have free time.

[HONDACD125]

I think I understand you on this. Because I also feel that nowadays people are becoming much more individualistic. Previously this happened in urban areas but now it seems the same in rural areas. Everyone is becoming busier in looking for additional income. So after work they just rest for a while and then immediately do side work. This right indeed indicates that the main job is no longer sufficient for a person's monthly needs. So it is natural that nowadays people are starting to become busier at work and no longer have free time to chat casually with their neighbors. But in several villages that focus on agriculture, the sense of individualism is still not felt. Maybe because they only focus on agricultural work and after returning from the garden they have free time.

When you are not financially stable and are using different sources to support yourself,So in such a case you will have a lack of time due to which you will not have time to meet with your neighbors, your relatives and the people around you.It cannot be called individualism, but a servant may be forced to work from morning to evening to meet his expenses.

Most of the people can't spare time due to their busy schedule, but today's people don't have relationships with people around them even if they are not busy. Ever since the age of internet and computer, every man has become limited to himself. I have often seen people sitting in a place where everyone seems to be busy with their mobile phones instead of chatting with each other. Gone are the days when neighbors used to sit next to each other, now neighbors have been replaced by mobiles.

[Minecache]

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So this is life, if you can't balance everything then you yourself will be a victim of the harshness of life.

But what I want to ask is how to balance life these days? Because not only me but everyone around me has their own problems in life and is always in a state of stress. I have never seen anyone truly have a balanced life, even retirees have to worry about many things or even rich people have their own difficulties. It sounds easy to say, but I don't believe anyone can balance life in a time when things are getting worse. By the way, how did you achieve balance in life?

[dothebeats]

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So this is life, if you can't balance everything then you yourself will be a victim of the harshness of life.

But what I want to ask is how to balance life these days? Because not only me but everyone around me has their own problems in life and is always in a state of stress. I have never seen anyone truly have a balanced life, even retirees have to worry about many things or even rich people have their own difficulties. It sounds easy to say, but I don't believe anyone can balance life in a time when things are getting worse. By the way, how did you achieve balance in life?

Stress comes constantly, everyone is under pressure of making it everyday as life gets harder and prices goes higher. However, we have to find a way to navigate through it. If we let stress get the best of us then we'll just be the one on the losing end. We have to have the grit to push through and refocus ourselves, remind ourselves what the goal is and find the best way to survive. Achieving balance in life doesn't necessarily mean you will have no problems or will never face any stressful situation, instead it means you'll have the capabilitiy to face those situations and make it out alive.

[Fivestar4everMVP]

While reading the op, I felt like OP mirrored my life and decided to talk about it, Unfortunately, it is not just me, or the OP, financial stress is something a lot of people all around the world are currently going through, sometimes, i feel the world is gradually collapsing in our very eyes.

Nigeria is my country, and i have never seen my country in such a very bad shape as it currently is economically, everything is on the up side, schools fees, water bills, electricity bills, cooking gas, petrol, etc, every thing is raising in their prices as each day breaks.

But fortunate enough, just as the op said, this forum and bitcoin have been really helpful in terms of providing us an alternative source of income, but most of the time, i just cant help but think how those outside this forum, and without jobs are managing to cope with this current economic and financial crises the whole world is facing.

[Minecache]

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Achieving balance in life doesn't necessarily mean you will have no problems or will never face any stressful situation, instead it means you'll have the capabilitiy to face those situations and make it out alive.

That's what I was trying to say in the previous comment, there is no way we can have a life without stress and anxiety. The only thing we can do is adapt to everything and always find a way to overcome every situation. I have never tried to avoid it, but instead I consider pressure and difficulties as part of my life and I will live with it every day. Life is inherently not easy and it will be even more difficult if we want to achieve wealth, want to achieve things that others do not have.

[harapan]

Everyone goes through stress related to money after all over the past few years millions of people have faced financial difficulties due to various problems around the world, including epidemics and wars.

Just remember this. When you are stressed, that just means that you are focusing too much on the things you cannot control. So if you want to get back in the right track again out of your adversities, you just simply need to feel that you are in control of you own finances and your own whole life. So take a pause in your life. Remind yourself that you are the only person responsible.

There's two things you can do. Minimize your expenses or maximize your income. Along with that you have to payoff your debts and start saving so that you have something to invest later in your career and life. Anything outside of your control are just distractions.

Its also necessary to stay out of debt.Debt affects more than just our financial well-being,having money problems can also affect our physical and emotional health, which is why it’s important that we understand how to deal with debt stress.Everyone can be under pressure,and been in a debt can actually be one of a kind since been in a debt is also a stressful situation.

[edy_58]

Its also necessary to stay out of debt.Debt affects more than just our financial well-being,having money problems can also affect our physical and emotional health, which is why it’s important that we understand how to deal with debt stress.Everyone can be under pressure,and been in a debt can actually be one of a kind since been in a debt is also a stressful situation.

Having a lot of debt will certainly make us depressed because when it is due we have to pay the loan we have lent and it will be very difficult if the income we have is not enough to be able to pay off the loan because we have borrowed too much, so it would be better for us to be able to manage our expenses. according to the income we have and don't let us not manage our expenses so we use our income on things we don't really need so we have to look for loans to be able to meet the needs we need.

[Casalania]

Its also necessary to stay out of debt.Debt affects more than just our financial well-being,having money problems can also affect our physical and emotional health, which is why it’s important that we understand how to deal with debt stress.Everyone can be under pressure,and been in a debt can actually be one of a kind since been in a debt is also a stressful situation.

Having a lot of debt will certainly make us depressed because when it is due we have to pay the loan we have lent and it will be very difficult if the income we have is not enough to be able to pay off the loan because we have borrowed too much, so it would be better for us to be able to manage our expenses. according to the income we have and don't let us not manage our expenses so we use our income on things we don't really need so we have to look for loans to be able to meet the needs we need.

It's not about the debt that gives us stress, it's about how we manage our finances. It's not necessary that having a debt means always paying interest. There are some debts known as good debts where we can use the borrowed money to make more money. The key is to manage our finances properly and use the debts wisely.

[acener]

Its also necessary to stay out of debt.Debt affects more than just our financial well-being,having money problems can also affect our physical and emotional health, which is why it’s important that we understand how to deal with debt stress.Everyone can be under pressure,and been in a debt can actually be one of a kind since been in a debt is also a stressful situation.

Having a lot of debt will certainly make us depressed because when it is due we have to pay the loan we have lent and it will be very difficult if the income we have is not enough to be able to pay off the loan because we have borrowed too much, so it would be better for us to be able to manage our expenses. according to the income we have and don't let us not manage our expenses so we use our income on things we don't really need so we have to look for loans to be able to meet the needs we need.

It's not about the debt that gives us stress, it's about how we manage our finances. It's not necessary that having a debt means always paying interest. There are some debts known as good debts where we can use the borrowed money to make more money. The key is to manage our finances properly and use the debts wisely.

I agree with this if we could manage our finances properly then we wouldn't have any problems at all, the problem with debt is most of the people borrow to spend for the day or survive the current situation, but if they would borrow money then why not make it to survive for a long term use it to earn, and not just to survive the day.
Think about how you could use that money to earn it back not just to spend it all.

[tyz]

But what I want to ask is how to balance life these days? Because not only me but everyone around me has their own problems in life and is always in a state of stress. I have never seen anyone truly have a balanced life, even retirees have to worry about many things or even rich people have their own difficulties. It sounds easy to say, but I don't believe anyone can balance life in a time when things are getting worse. By the way, how did you achieve balance in life?

I think the stress for virtually all groups comes from the fact that the world is undergoing unprecedented change, which is happening at an ever faster pace. There is one crisis after another and you get the feeling that there are no more breaks. There used to be many crises in the last 100 years, but society usually had several years in between to recover. It no longer feels that way, and many people feels and suspects that the next crisis (of whatever kind, war, economic downturn, next pandemic, etc.) is just around the corner.

[stomachgrowls]

Its also necessary to stay out of debt.Debt affects more than just our financial well-being,having money problems can also affect our physical and emotional health, which is why it’s important that we understand how to deal with debt stress.Everyone can be under pressure,and been in a debt can actually be one of a kind since been in a debt is also a stressful situation.

Having a lot of debt will certainly make us depressed because when it is due we have to pay the loan we have lent and it will be very difficult if the income we have is not enough to be able to pay off the loan because we have borrowed too much, so it would be better for us to be able to manage our expenses. according to the income we have and don't let us not manage our expenses so we use our income on things we don't really need so we have to look for loans to be able to meet the needs we need.

It's not about the debt that gives us stress, it's about how we manage our finances. It's not necessary that having a debt means always paying interest. There are some debts known as good debts where we can use the borrowed money to make more money. The key is to manage our finances properly and use the debts wisely.

I agree with this if we could manage our finances properly then we wouldn't have any problems at all, the problem with debt is most of the people borrow to spend for the day or survive the current situation, but if they would borrow money then why not make it to survive for a long term use it to earn, and not just to survive the day.
Think about how you could use that money to earn it back not just to spend it all.

In the case that you do have tons of source of income on which it could be able to compensate on whatever shortage that you would have on a particular situation but we know that not all people would really be
having that kind of capability or capacity when it  comes to this kind of situation on which we know that there's no way that you could be able to make yourself to be on that status. This is why people would really be having those kind of conditions or circumstances in life on which you would really be needing up to take up some loan specially if your savings or emergency funds has been depleted out. No one would really be able to
avoid such condition specially that they are in need on which taking up some loan or borrowing money.

Handling stress? We do know that each person is different when it comes to intellectual and emotional aspect on which we do know that
control and management would really that differ into each other with each person.

[Dewi Aries]

Everyone goes through stress related to money after all over the past few years millions of people have faced financial difficulties due to various problems around the world, including epidemics and wars.

Just remember this. When you are stressed, that just means that you are focusing too much on the things you cannot control. So if you want to get back in the right track again out of your adversities, you just simply need to feel that you are in control of you own finances and your own whole life. So take a pause in your life. Remind yourself that you are the only person responsible.

There's two things you can do. Minimize your expenses or maximize your income. Along with that you have to payoff your debts and start saving so that you have something to invest later in your career and life. Anything outside of your control are just distractions.

Its also necessary to stay out of debt.Debt affects more than just our financial well-being,having money problems can also affect our physical and emotional health, which is why it’s important that we understand how to deal with debt stress.Everyone can be under pressure,and been in a debt can actually be one of a kind since been in a debt is also a stressful situation.

having a lot of forests in my opinion can be a pressure on our thinking, especially if we ourselves do not have a clear income but have a lot of debt, in my opinion it will create problems and as you say it can affect our health as well as worse it might have an impact on our mentality because I think there  have been and maybe many cases of people who are mentally damaged so that they experience mental disorders because of the pressure they experience a lot including by having a lot of debt because obviously it will put pressure on the health of our thinking.

In my opinion, if you really don't have money and income, please don't take action to get into debt, because with a situation that doesn't have money and doesn't have income it can only add to the problem if you really don't have money and don't have income then you should be able to find a job that can produce, even though finding a job is currently difficult but I think by utilizing current technological advances, many things can be done including by utilizing current technology that is developing.

[poodle63]

I think the stress for virtually all groups comes from the fact that the world is undergoing unprecedented change, which is happening at an ever faster pace. There is one crisis after another and you get the feeling that there are no more breaks. There used to be many crises in the last 100 years, but society usually had several years in between to recover. It no longer feels that way, and many people feels and suspects that the next crisis (of whatever kind, war, economic downturn, next pandemic, etc.) is just around the corner.

right on the spot here, every changing year there appear to be also changing of problems, from pandemic to war to economic crises to housing crises we literally just getting faced with problems one after another meanwhile our purchasing power also depleting its kinda ridiculous though we literally need to do much more these days to obtain something that are easily obtained in the past back then working as an ordinary employee people can afford a house by just working for 5 years right now its crazy, not even 30 years of working and paying mortgage would suffice not to mention if we faced some financial crisis along the way while our house hasn't been paid off it has the risk of being seized but alas what can we do the only thing we can do is just keep working and working our asses off maybe one day we might stumble upon some good life turning moments.

[sekalitas]

The past few years after COVID-19 have been the absolute worst; everything keeps rising—petrol, daily groceries, electricity, housing—to the point where you're barely making ends meet. Just to imagine, I've been looking for an apartment for over 6 months and haven't found anything yet. Not only is there a very limited supply, but those available are either too expensive, poor, too small, or everything combined. Thus, this is creating a huge feeling of uncertainty, as time is running out and I need to get settled down. Renting outside of town in the nearby villages isn't ideal either, because petrol is way too expensive.

I'm not sure if anyone else feels the same, but this uncertainty with the increasing living costs and the ongoing rat race is causing me excessive stress. On top of that, moving out of the country doesn't seem ideal either, because most European cities are also suffering similar conditions, along with an extensive immigrant crisis (see France, Italy, Germany, and the UK). I'd be interested in remote working, but the economics field I've studied at university isn't in high demand for remote working, which often recruits IT workers and generally fields that require hands-on experience. As soon as I'm settled down, I'm considering taking up a data analysis course and finishing my master's degree in order to look for more opportunities abroad.

I don't know, but each year seems progressively worse. It wasn't that bad before COVID-19; now it's the ultimate worst I've seen, and it's about to deteriorate even further. Thankfully, this forum has been a blessing and probably the only thing giving me hope, as it has resulted in me making a decent sum of money in the process. I'm yet to start looking for a job, but salaries are relatively low, despite the increased cost of living. To make matters worse, excessive weather conditions due to climate change are happening way more often now, causing floods and wildfires and destroying everything in their path. See Libya, Greece, Italy, Spain, and many more examples.

Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?

While I may not be the most optimistic person, I'm taking charge of my future by focusing on what I can control. Instead of dwelling on anxieties, I'm investing in myself by learning IT skills that open doors to remote work opportunities. I understand I can't control the demand or hiring decisions, but I know that upskilling myself increases my value and marketability. This way, when opportunities arise, I'll be ready!

With rising living costs and stagnant salaries, it's important to be smart with our resources. We can minimize expenses by choosing public transport or walking instead of motorcycles, and finding affordable food alternatives that offer the same nutritional value. Additionally, dedicating time to upskilling ourselves opens doors to better-paying jobs.

[viananda2525]

I think the stress for virtually all groups comes from the fact that the world is undergoing unprecedented change, which is happening at an ever faster pace. There is one crisis after another and you get the feeling that there are no more breaks. There used to be many crises in the last 100 years, but society usually had several years in between to recover. It no longer feels that way, and many people feels and suspects that the next crisis (of whatever kind, war, economic downturn, next pandemic, etc.) is just around the corner.

right on the spot here, every changing year there appear to be also changing of problems, from pandemic to war to economic crises to housing crises we literally just getting faced with problems one after another meanwhile our purchasing power also depleting its kinda ridiculous though we literally need to do much more these days to obtain something that are easily obtained in the past back then working as an ordinary employee people can afford a house by just working for 5 years right now its crazy, not even 30 years of working and paying mortgage would suffice not to mention if we faced some financial crisis along the way while our house hasn't been paid off it has the risk of being seized but alas what can we do the only thing we can do is just keep working and working our asses off maybe one day we might stumble upon some good life turning moments.

The economic turmoil seems like it will never subside, in the last decade the economic pressure has really been felt and has had an increasingly negative impact due to other triggers that have had an impact on economic recovery. Natural factors and war have ravaged the economy almost all over the world, health problems and the Covid 19 pandemic have also paralyzed all sectors which means that humanity can only stay in place.

Yes, now everyone is required to be ready to do something that can support their household economy. being able to meet basic needs is already very great and even more so being able to meet secondary needs. In developing countries, the government always socializes its people to be able to utilize empty land for farming in order to save the economy in the smallest sectors.

[Rockstarguy]

Its also necessary to stay out of debt.Debt affects more than just our financial well-being,having money problems can also affect our physical and emotional health, which is why it’s important that we understand how to deal with debt stress.Everyone can be under pressure,and been in a debt can actually be one of a kind since been in a debt is also a stressful situation.

Having a lot of debt will certainly make us depressed because when it is due we have to pay the loan we have lent and it will be very difficult if the income we have is not enough to be able to pay off the loan because we have borrowed too much, so it would be better for us to be able to manage our expenses. according to the income we have and don't let us not manage our expenses so we use our income on things we don't really need so we have to look for loans to be able to meet the needs we need.

Having lot of debt can really lead to depression because every income coming you don't see what you are using money for, it just seems as if money is been wasted. Having debt is what we should learn to avoid, because it can make one from achieving good financial goals.
One of the things that make some people go into debt is because they live above their financial standards which they can only borrow money to meet up with their financial demands.  I think if we can learn how to manage our life and go for what we can afford it will really help to stay away from debt.

It is important to learn to be financially discipline if you want to stay away from debt, and to know what you really want and not going for things that won't bring any value for you but just for pleasure.  People can only avoid debt if they are discipline and understand good management of handling money , it helps to stay out from debt.

[Casalania]

Handling stress? We do know that each person is different when it comes to intellectual and emotional aspect on which we do know that
control and management would really that differ into each other with each person.

It is already a given that everyone has their own unique ways of coping with stress. However, some individuals seek guidance and advice from others in order to improve and learn how to manage their stress effectively.