Money Tips
How To Become a Freelancer And Earn Money
14 Smart Money Moves To Make In 2021
Are you looking to make some smart money moves to improve your future? The new year is a great time to start thinking about what you can do to improve your financial situation. You can use this time to look forward and start making smart money moves that will help you in the future. For […]
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How To Stick To Your Holiday Budget & Avoid Debt
How I Earned Up to $4,000 Per Month Baking Dog Treats (With Zero Baking Experience!)
Hello! Are you interested in starting a dog treat bakery business? Well, good news, this article will tell you what you need to know. Plus, you can sign up for this free training workshop that will teach you how to start your own side hustle baking and selling dog treats. Hi! My name is Kristin […]
The post How I Earned Up to $4,000 Per Month Baking Dog Treats (With Zero Baking Experience!) appeared first on Making Sense Of Cents.
The Margin Loan: How to Make a $400,000 Impulse Purchase
So, I kind of just bought the house next door to me. This is already somewhat amazing, for a small-town boy who refuses to even buy himself a new car. But even stranger are the details that surround this deal: I’m not moving into it. I don’t really need or want a second house. I […]
How to Cope with Money Worries: Advice from a Psychologist
Money troubles can be difficult to talk about because they stir up intense emotions, such as guilt, anxiety, and fear. But they’re too important to ignore for both your financial and mental health.
Whether you have a friend or family member dealing with a financial problem or your own money challenges, it’s a sensitive topic. I interviewed Dr. Jade Wu, a clinical psychologist specializing in health psychology, for tips to help manage money worries. Jade also hosts QDT's Savvy Psychologist podcast, where she uses evidence-based research to helps listeners be happier and healthier.
On the Money Girl podcast, Jade and I discuss a variety of topics, including:
- How to use empathy and open-ended questions in financial discussions
- The importance of creating a safe space when talking about money
- Why accomplishing a small financial step is a worthy goal
- How to evaluate your own emotions before starting a money conversation
- Whether you’re helping or enabling someone by lending money
- How to ask others for financial help when you need it
- Tips to get better sleep even when you're worried about money
[Listen to the interview using the embedded audio player or on Apple Podcasts, SoundCloud, Stitcher, and Spotify]
When the worry window closes, do your best to move on with your day and stop worrying.
One of my favorite tips that Jade recommends is to use a “worry window”—giving yourself a set time, such as 30 minutes each day, when you allow yourself to dwell on your money problems. When the worry window closes, do your best to move on with your day and stop worrying.
It’s also helpful to have a list of financial worries that are and are not in your control. When you fixate on something that’s not in your control, such as the pandemic or economy, shift your focus to something you can control. That might be making an appointment with a financial advisor, creating a financial plan, or looking for a new job. Creating solutions to your problems or getting expert advice is the key to solving them.
While you might have a lot to be concerned about, acknowledge that many worries simply aren't in your control. Putting boundaries around your worry and turning your attention to actionable solutions will help you improve your financial life and overall well-being.