Your financial health factors into your overall well being - mentally, physically and emotionally. If you're stressed about your finances, chances are it's affecting you at home and at work. Financial stress hogs more than its fair share of energy and compromises your attention span.
People all over the pay scale are feeling the stress. In a 2016 CareerBuilder survey, 68 percent of all workers said they were in debt, and workers in all income levels report living paycheck-to-paycheck-even nine percent of those making $100,000 or more.
If you're feeling stressed about your finances, you're NOT alone.
According to the PwC 2017 employee wellness survey, one in three people have been distracted at work by personal finance issues within the past year. Nearly half of those distracted by finances spend three or more hours a week dealing with personal finance issues at work. Your financial wellness is a key component in your overall wellness.
Here are some ways you can cope
Take Time for You and Your Money
Like a "mental health day," take one of your vacation days, PTO days, or devote a day that you aren't scheduled to work to accomplishing some important financial tasks.
Identify Your Root Cause
Once you Know Your Goals, Plan out Your Finances
Confirm your total income. Determine how much of it is already committed to bills and necessities, and how much of it is available for paying off debt, saving and spending.
Have Questions? Help is Here
If you have high credit card debt or you are struggling to keep up with your bills, our partner GreenPath offers free debt and credit counseling. They will help you understand your options and make decisions about your next steps. You can contact them at 877-337-3399. It's free!
When you are financially healthy, you are less stressed, more productive and more content. This makes life easier and more satisfying all around. It leads to a better work experience, better relations, and can set you on your path to achieve your dreams.