3 Quick Personal Finance Tips for Dealing with Stress

By on Jun 19, 2011 in Budget, Personal Finance, Tips | 12 comments

LIVING IN CHAOS!

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“If you want to achieve things in life, you’ve just got to do them, and if you’re talented and smart, you’ll succeed.” Juliana Hatfield

I’ve taken this approach, I don’t evaluate my ideas too much, but just dive in. That eradicates the possibility that I’ll avoid new activities because I’m scared. I assume that I’m talented and smart enough to achieve my goals.

Moving day is approaching. The kitchen packers are coming in 5 days and the movers are coming in a week. Our house is almost sold, yet we still have NO CONFIRMATION of acceptance of our (short sale) condo purchase in our new land. In one week, we have no address and no secure internet connection.

All of my work and personal financial records require a secure internet connection.

In one week, unless I find a secure internet connection, while in transit, I am completely cut off from all of my financial records. That includes my job records!

This is an uncertain and stressful time, here’s how I’m coping, along with tips and inspiration for your stressful times.

ACCEPTANCE

Clearly delineate and accept what you can and cannot control.

 There are always things in life you cannot control. Do not waste time and energy trying to change people, events, and circumstances which are unchangeable.

If you are stuck in debt or a financial morass, you must face up to your situation. You cannot begin to move forward, if you do not know where you are. Accept, don’t avoid, your financial picture.

 It is unlikely I will be able to check online financial records for up to one month after we move out of our home. I can live with this likelihood, if I plan ahead.

MAKE A PLAN

A road map in life propels you towards your goals. Use goal setting and planning to make life smoother. 

When you’re stuck, stressed or overwhelmed, your plan is your guide.

Generally, I keep records of all income and spending in Quicken and update on line. I predominantly use a debit or credit card and then download and categorize my expenses. Then it’s easy to check against our budget to see how we are doing.

Without a permanent address and secure internet connection, this is not going to happen.

Here’s my plan:

  • Upload all financial records a few days before we leave.
  • Review and print hard copies of all investment accounts at that time.
  •  To avoid overdrafts, transfer adequate funds into spending accounts.

DO LESS & SPEND LESS

Although counterintuitive, accept that this is a time when certain tasks are not going to get done. Get help from others. Cut out the uncessecary. Use your plan to focus on the important. Personally, I value relationships and make sure to prioritize my family and close relationships. Go to your boss  to discuss options during a stressful period.

During times of stress, temporarily delete the unimportant activities from your life.  

Do not add to your stress by overspending. Avoid the temptation to manage stress by shopping.

We are remarkably relaxed giventhe magnitude of our stress. El Carino and I are enjoying the extra time we have together by playing games, making movies, and working out; low cost-high fun.

What are your personal and financial tips for coping with stress?



    12 Comments

  1. I can handle the pressure of getting things done such as deadlines or multi-tasking etc. Stress to me is when I cannot control the factors of the situation no matter how much I plan. My strategy for stress or frustration is taking action. I always feel better when I take action. For example, when you described being without access to online information, I immediately thought of the places I have used in the past. The library provides public access, Internet cafes, numerous restaurants have Wifi and business. Knowing that there are alternatives reduces any stress.

    krantcents

    June 19, 2011

  2. Having moved recently, I know exactly what you mean Barb! :)
    Hope you get your sale confirmation soon.

    Excellent tips!

    MoneyCone

    June 20, 2011

  3. Oh how I hate to move! I like your attitude and will try to adopt it next time we move. Good luck, and I hope you are settled soon!

    Melissa

    June 20, 2011

  4. @Krantcents-Yes, I totally agree wrt to problem solving. We definitely have access to “public internet.” We are even checking for a possible “secure” internet connection with one of my parent’s neighbors for quick financial records checks!
    @Moneycone- I’m sure we will find out this week. And if not, next week. We’ve already resigned ourselves to the reality that we will have to “store” our stuff for a while.
    @Melissa- I’m sure we will be settled sometime before fall. And there are certainly greater stressors than this-thanks for the well wishes.

    Barb

    June 20, 2011

  5. Best way for me to deal with stress is sitting with my guitar and playing non stop till my wife threatens to live the house. I just stop thinking everything except music. I refuse to spend I refuse to plan. I think every one should have some hobby (except blogging) to rely upon during stress.

    SB(One Cent At A Time)

    June 20, 2011

  6. Hang in there, Barb, and be positive! Moving and marriage are two of the most stressful times we’ll ever encounter in life — of course, marriage is a life-long gig. Lucky for you the move will be over before you know it! ;-)

    All the best,

    Len
    Len Penzo dot Com

    Len Penzo

    June 20, 2011

  7. @SB, Hobbies are so important. Outside of blogging, I love to walk in nature, decorating, home improvement projects, crafts, art…. Hobbies and interests make life so fulfilling.
    @Len, Thank you for the support, yes… by fall life will hopefully be back to some semblance of normal (only in a cooler location :) )

    Barb

    June 21, 2011

  8. I know how stressful it can be to have to unplug for a few days (or longer)! It sounds like you have a solid plan in place. Good luck on your move and I’m sure that you’ll get settled into your new place in no time. I can’t wait to see pictures! Hang in there. ;)

    Little House

    June 21, 2011

  9. Hi Little House, Thanks for the pump up-I need it :)

    Barb

    June 23, 2011

  10. Ah, moving day! In our case, stress it’s the gift that keeps on giving, as we settle in, move this and that, repaint one room or the other (sometimes multiple times), and generally do more to custom-fit the house than most other sane, rational people I know.
    Hope everything works out!

    101 Centavos

    June 23, 2011

  11. Hi 101-I love how you phrased it-the gift that keeps on giving. Next week will begin the month “on the road.” Hopefully I can maintain some semblance of sanity!

    Barb

    June 24, 2011

  12. Stress is inevitable. However, I think one can totally eliminate stress and become more productive by finding what he or she loves doing the most. Working on something that you love rarely causes any stress. These are the things that make us excited to jump out of bed every morning to go to work.

    Andrew

    primelending dallas

    November 23, 2011

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