(844) 845-4219
Millions of Americans Unable to Pay Bills Due to the Pandemic

Coping with Financial Stress » Financial Stress



If you’ve ever been in debt, you probably know what financial stress feels like.

Financial stress can affect anyone, regardless of their income level or financial status. It can arise from various factors, including unexpected expenses, job loss, mounting debts, or living beyond one’s means. Understanding the causes and effects of financial stress is crucial in finding effective ways to manage and alleviate this burden.

If only there was a fast and efficient way to find a solution to your debt problems. Guess what, there now is. Instant Debt Advisor℠ asks you a few simple questions. In just minutes, you’ll be given a potential debt relief program to fit about your unique financial situation. Two more reasons not to stress: It’s free and won’t hurt your credit in any way.

Financial stress is a common phenomenon experienced by individuals when they face challenges related to their financial situation. It is a state of emotional and psychological strain caused by financial problems, such as debt, limited income, unemployment, or the inability to meet financial obligations. Financial stress can have a significant impact on a person’s overall well-being, leading to various physical, mental, and social consequences. Understanding is the first step to feeling better.

What Is Financial Stress?

Stress is the release of hormones like cortisol and adrenaline into the bloodstream to help you cope in physically or emotionally demanding situations, or when you feel threatened. In small bursts, it is helpful, such as when you are on a time crunch for a project because it allows you to focus on what you need to do. That concentration, burst of energy, and added strength can also be helpful if you face a crisis. Your heart will race and your muscles will often tense up during times of stress. Stress is a means to help your body in short bursts.

With finances and especially with debt, stress isn’t just a short burst. It is a constant feeling of dread and worry, which impacts the wellness of your mind and body.

Constant stress can negatively affect your physical and mental health. Pain in the shoulders, neck and back, as well as headaches, can all be effects of stress. Many people also experience digestive and stomach issues during prolonged periods of stress. Think about in the movies when how people working stressful jobs are seen eating Tums or other antacids and are diagnosed with stomach ulcers.

Sleep is also negatively affected by too much stress. That feeling of not being able to turn your brain off at night because of so much worry can lead to a lack of sleep, which can not only affect your body, it can also harm your brain.

Financial stress refers to the emotional and psychological strain caused by financial problems. It can manifest in different ways, such as constant worry, anxiety, sleep disturbances, irritability, or even physical symptoms like headaches or stomachaches. Financial stress can be both short-term and long-term, depending on the individual’s circumstances and their ability to address the underlying issues.

Causes of Financial Stress

There are several common causes of financial stress that individuals may encounter:

Debt: Excessive debt is a leading cause of financial stress. When individuals struggle to meet their debt obligations or find themselves trapped in a cycle of borrowing, it can create immense pressure and anxiety.

Insufficient Income: Limited income or sudden job loss can contribute to financial stress. When individuals struggle to make ends meet or face difficulty in finding stable employment, it can create significant financial strain.

Unexpected Expenses: Unforeseen expenses, such as medical emergencies or home repairs, can disrupt financial stability. Without proper savings or financial backup, these unexpected costs can lead to stress and financial hardship.

How Money Mindset Affects Financial Stress

However, the impact of financial stress is not solely determined by external circumstances but is also influenced by an individual’s money mindset. Our money mindset shapes our beliefs, attitudes, and behaviors toward money. It is shaped by past experiences, upbringing, cultural influences, and societal conditioning. Our money mindset influences our financial decisions and overall relationship with money. It can either perpetuate financial stress or help alleviate it.

Poor Financial Management: Lack of financial literacy or poor money management skills can also contribute to financial stress. Individuals who struggle with budgeting, saving, or planning for the future may find themselves in constant financial turmoil.

Scarcity Mindset: A scarcity mindset perpetuates financial stress by focusing on a lack of resources and instilling fear and anxiety about money. Individuals with this mindset may engage in unhealthy financial behaviors, such as excessive worrying, overspending, or avoiding financial responsibilities.

Fear-Based Mindset: A fear-based money mindset exacerbates financial stress as individuals may avoid addressing financial problems or making necessary changes. Fear can paralyze individuals, preventing them from taking proactive steps to improve their financial situation and find relief from stress.

Effects of Financial Stress

Financial stress can have far-reaching effects on various aspects of an individual’s life:

Mental Health Effects of Stress

Persistent financial stress can contribute to mental health issues such as anxiety, depression, or feelings of hopelessness. The constant worry and uncertainty about financial matters can significantly impact one’s overall well-being.

  • Inability to concentrate
  • Increased irritability
  • Inability to control emotions like anger and sadness
  • Panic attacks
  • Increased anxiety
  • Restlessness
  • Dependency on alcohol, drugs, etc.
  • Depression

All these symptoms can lead to problems at home and work. Finances are a major factor for stress and divorce within a marriage. A study from the University of Wisconsin found that while money isn’t one of the top subjects of common arguments, it is one of the most complicated for couples to discuss and solve. It’s important to be open with your loved ones when financial problems arise.

This includes your children, who can become confused when they can’t do things they might be used to doing or can’t go places with their friends. They might not understand what it means to be in debt, so simply explain to them some things are too expensive right now, and offer some fun, free options of things to do instead.

Make sure to also keep your financial stressors out of your workplace. Make sure debt collectors aren’t contacting you at your work or during work hours. According to the Fair Debt Collection Practices Act, a collector must honor any request if you say you do not wish to be contacted when you are at work. This can help you concentrate on work and not on avoiding calls.

Physical Health Effects of Stress

The impact of financial stress extends to physical health as well. Stress-related ailments such as high blood pressure, insomnia, headaches, and other stress-induced conditions can arise due to the ongoing financial strain.

  • Headaches
  • Muscle pain
  • Digestive issues (stomach pains, heartburn, ulcers, constipation, diarrhea)
  • Insomnia
  • High blood pressure
  • High blood sugar

When you are stressed and your body doesn’t feel well, it can cause twice as much of an impact on your mind. Continued stress causes the inability to concentrate on tasks, greater irritability, inability to control emotions like anger and sadness, increased anxiety and restlessness. These feelings can lead to negative behaviors like smoking, drinking, overeating and can also lead to depression.


Financial stress often places a strain on personal relationships. Arguments about money, differences in financial priorities, or the inability to fulfill shared goals can create tension and conflict among family members or partners.

Productivity and Performance

Financial stress can affect an individual’s productivity and performance at work or school. Constant preoccupation with financial worries can lead to decreased concentration, motivation, and overall efficiency.

How to Overcome Financial Stress

There are multiple ways to help cope with stress and manage your financial stress.

Budgeting and Financial Planning

Creating a realistic budget and sticking to it can provide a sense of control and stability. By tracking expenses, setting financial goals, and prioritizing saving, individuals can alleviate some of the stress associated with financial uncertainty.

  1. The first step is to take stock of where you are with regard to your finances and general wellness.
  2. Gather up your bills and debts and try to create a budget, cutting out nonessentials or even bills that can be postponed or lessened.
  3. Next, think carefully about your physical and mental health.
    1. How are you feeling? Think about where the issues in your body are.
    2. What are you eating? Try to be conscious about how much you eat and what you eat. A poor diet can contribute to additional health issues.
    3. Are you exercising? Take a walk or run to clear your head. Even just spending some time outside can be good for your health.

Seeking Support

Sharing financial concerns with trusted friends or family members can provide emotional support and potential solutions. It can be helpful to discuss financial challenges openly and explore different perspectives and advice.

If you don’t feel like yourself or even think there is a possibility you may be depressed, seek professional help immediately. It is important that you take the right steps to lessen your stress levels, otherwise, you’ll never be able to take steps to get your finances under control.

Improving your mental and physical well-being is the most important step to achieving your financial wellness goals. Once you are in the right space, you can start to think about solutions.

Seeking Professional Help

In some cases, seeking professional help may be necessary to manage financial stress effectively. Financial advisors or credit counselors can offer guidance on debt management, budgeting, and developing long-term financial plans. They can provide personalized strategies based on an individual’s unique circumstances.

If managing your finances on your own seems too daunting, try enlisting the help of a professional. Certified Financial Planners and other debt management specialists can help you create a budget to pay off your debts and find a way to build up your savings. Once you are managing your financial stress, it will be much easier to handle the other stressors that come your way.

Self-Care and Stress Management

Engaging in self-care activities, such as exercise, meditation, or hobbies, can help reduce stress levels. Taking time for oneself and practicing stress management techniques can improve overall well-being and resilience in dealing with financial stress.

Shifting to a positive money mindset is possible with intentional effort and self-reflection. Here are some strategies to cultivate a positive money mindset:

Awareness and Self-Reflection: Start by becoming aware of your current money mindset and identifying any negative beliefs or attitudes towards money. Reflect on how these beliefs may be contributing to your financial stress and consider alternative perspectives.

Challenge Limiting Beliefs: Challenge and reframe limiting beliefs about money. Replace negative thoughts with positive affirmations and focus on abundance rather than scarcity. Practice gratitude for what you currently have and acknowledge your financial accomplishments.

Read: The Psychology of Spending Money

Are you financially stressed? offers solutions to help you overcome your stressful debt.

Get Help NowCall To Action Link

Video Transcript

[On-screen text] Dealing with financial stress.

Financial challenges have a wide-reaching impact on your life. When money or debt problems become an issue, they tend to take over. You can’t focus at work, you may have arguments at home and it can even start to affect your health. But letting fear take over isn’t going to help you move forward. So, you need to take the steps to minimize the impact of financial stress.

The first step is the bite the bullet and take stock of where you are. This is often the scariest part, because you have to face reality and your financial fears. Once you know where you are, you can take the right steps to get where you need to be.

As you evaluate your situation and start looking for solutions, experiencing some level of stress is natural. But if you have physical or mental symptoms of extreme stress, see you doctor. These include high blood pressure, panic attacks, insomnia and depression. Keeping a regular schedule, maintaining a healthy diet, and exercising all help you minimize the physical and mental effects of financial stress.

Be honest with your entire family about what’s going on. You don’t have to scare your kids, but letting them know that money is tight will help them understand why your stress level is high. And take time to relax, enjoy yourself and have fun with your family. Focusing on the right things can help put stress into perspective. Find someone to talk to – your spouse, a family member, a close friend, a member of the clergy or a professional who you can confide in to get things off your chest.

And do what you can to keep financial stress away from your job. Trying to handle creditors or collectors at work is a distraction and you need to focus on keeping your job. Remember, you can tell collectors not to contact you at work and tell them when it’s inconvenient for you to talk at home. With that in mind, put time into your schedule to focus on your finances and start looking for solutions.

If you are struggling with debt, we have solutions that can help you. Simply fill out our form or better yet, call us now and we’ll match you with the best solution for your situation. We are A-plus rated by the Better Business Bureau and have helped thousands of people become financially stable. So, don’t struggle any longer. Give us a call. When life happens, we’re here for you.

Long-Term Strategies to Reduce Financial Stress

To address financial stress in the long run, individuals can consider the following strategies:

Building an Emergency Fund: Creating an emergency fund can provide a safety net for unexpected expenses. Setting aside a portion of income regularly can help alleviate the anxiety associated with financial uncertainties.

Increasing Financial Literacy: Investing time in improving financial literacy can empower individuals to make informed decisions and better manage their finances. Learning about budgeting, saving, investing, and debt management can lead to greater financial stability and reduced stress.

Seeking Additional Income Sources: Exploring additional income opportunities can help individuals diversify their financial resources and reduce dependency on a single income stream. Freelancing, part-time jobs, or starting a side business can provide supplementary income and alleviate financial stress.

Money is the second most common cause of stress in the country, according to a 2017 poll by the American Psychological Association. With 62 percent of the nation affected by financial stress, it is only outnumbered by stress over the future of our nation (63 percent).

Financial Stress Statistics

You’re not alone when it comes to stress over money and debt. The APA’s recent survey on stress found that one-quarter of Americans are stressed about their ability to pay for essentials.

Infographic revealing 3 statistics about financial stress for Americans


How can I reduce financial stress immediately?

Immediate actions to reduce financial stress include creating a budget, cutting unnecessary expenses, and seeking professional advice if necessary.

Can financial stress be completely eliminated?

While it may not be possible to eliminate financial stress entirely, individuals can take steps to manage it effectively and reduce its impact on their lives.

Is financial stress more common among certain age groups?

Financial stress can affect individuals of all age groups. However, younger adults and individuals approaching retirement age often face unique financial challenges that can contribute to stress.

What are some signs of financial stress?

Signs of financial stress can include constant worrying about money, difficulty sleeping, feeling overwhelmed, or experiencing physical symptoms like headaches or digestive problems.

How long does financial stress typically last?

The duration of financial stress varies depending on the individual’s circumstances and their ability to address and overcome the underlying financial challenges.

Financial stress is a prevalent issue faced by individuals worldwide. It can have significant impacts on mental and physical health, relationships, and overall well-being. By understanding the causes and effects of financial stress, individuals can implement effective coping mechanisms, seek professional help when needed, and adopt long-term strategies to reduce financial stress. Taking proactive steps toward financial stability and managing stress can lead to a more balanced and fulfilling life.

How Much Could You Save?

Just tell us how much you owe, in total, and we’ll estimate your new consolidated monthly payment.