Financial Stress

The American Psychological Association’s March, 2022, Stress in America survey found that 72 percent of Americans reported feeling stressed about money at least some time in the prior month. Clearly, money and finances are a frequent source of concern for many people. Financial stress is often defined as worry or anxiety related to money or finances but that is not actually correct, as we’ll see below. What is Financial Wellness? Before defining financial stress, we should define financial wellness.

What to Do and Who to Trust in a Financial Emergency Related articles: Why You Should Have a Budget How to Create a Budget. How to Use a Budget Why You Need a Balance Sheet The Dangers of Financial Stress Three Questions Here are three simple quizzes. Answer each one honestly and as best you can. Then check the answers, which are provided at the very end of this article. Question 1: When is the best time to start preparing for a financial emergency?

Why You Need a Balance Sheet Related articles: Why You Should Have a Budget How to Create a Budget. How to Use a Budget What to Do and Who to Trust in a Financial Emergency The Dangers of Financial Stress A balance sheet is a very simple financial statement that can provide extremely important information about a person’s financial status. They are simple to build and easy to understand. But if you don’t already have a budget, you will want to create a budget first.