For the last year, it seems that everytime we pick up the paper, there is more bad economic news. Let’s see, we’ve had a gas crisis, a housing crisis, a banking crisis, a stock market crisis, an unemployment crisis… what’s next?
If you suffer from general anxiety disorder, then all of this bad news may cause you to sleep poorly and have a hard time concentrating. If you are highly anxious, have a hard time sleeping and concentrating, and if you know that your financial angst is unfounded or irrational, then you could suffer from generalized anxiety disorder (”GAD”). You may want to seek help.
But remember this — it is perfectly normal to feel anxious in times like these. Anxiety is your body’s way of dealing with stress — your body is making sure you stay alert and are diligent in protecting your finances and job. Also understand that you are not alone. According to the American Psychological Association, three out of four adults are stressed about the economy and their personal finances.
If you are anxious about your finances with good reason, then you may want to deal with your anxiety by taking action. Here are a few resources that may be of assistance to you.
First, if you have a financial emergency and need cash but can’t wait until your next payday, you may be able to get a fast loan by applying for a faxless payday loan (however, please do use these loans with caution, or you may end up with more stress than you started with!).
If you need help managing your personal finances and keeping track of bills and account balances, consider using a (free) service such as the one offered by Mint.
If you have a disastrous credit score, consider learning about legal credit repair to raise your score so you can qualify for better rates and loans.
The economy will (eventually) get better. Make sure you take care of your mental health in the meantime.