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Coping with Financial Stress: Simple Actionable Steps

Duration

2 Days

About the Course

Understand your financial situation:


  • Assess your income, expenses, debts, and savings.

  • Create a budget to track your spending.


Seek knowledge and support:

  • Learn about personal finance through resources and workshops.

  • Consider seeking guidance from financial advisors or counselors.


Set realistic financial goals:

  • Identify short-term and long-term goals.

  • Break them down into achievable milestones.


Pay yourself 1st / Build an emergency fund:

  • Allocate a portion of your income towards savings or investments before paying other expenses.

  • Start saving a small amount regularly for unexpected expenses, prioritize building an emergency fund and securing your financial future.


Practice mindful spending:

  • Distinguish between wants and needs.

  • Cut back on non-essential expenses.


Develop healthy financial habits:

  • Review financial statements regularly.

  • Automate bill payments and avoid unnecessary debt.


Prioritize self-care and stress management:

  • Engage in activities that help you relax and reduce stress.

  • Take care of your mental and physical well-being.


Seek support from your community:

  • Share your concerns with trusted friends and family.

  • Join support groups to learn from others' experiences.


Remember, taking small steps towards financial empowerment and well-being, such as paying yourself first, can make a big difference in managing and reducing financial stress.


*Not financial advice


Life Literacy Learning Luminaire

Matthew Triplett

Matthew Triplett
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