Ultimate Guide: How Women can Cope with Financial Stress?
Women have always had a challenging relationship with money. No one is oblivious to the endless narratives about how women allegedly break their bank spending on “unimportant things” like shoes and purses. However, the truth may come as a surprise to you: women take a lot of stress about money, and for good reasons!
Why Do Women Worry About Money?
Working women earn bottom dollar as compared to male counterparts with the same job. Statistics from Payscale prove that the gender wage gap is as wide as 21% with men striking it rich by receiving larger paychecks than women. Owing to this unfair practice, women have to be more conscious of their finances.
Another reason why women take stress about money is because of the infamous “pink tax” that demands tax over women-only expenses like period products or female contraceptives. With the pink tax on our backs, why wouldn’t we be worried about our money?
How Women Can Control this Stress?
While many say the way women get cold feet about money is just a storm in a teacup, it really isn’t. Where saving up for a rainy day is a smart move, the stress that worrying about money puts on our backs is not. In fact, this stress is severely detrimental to mental health. Luckily, there are ways to control the worry without losing sight of your financial stability:
1. Alter Your Mindset
Changing the way you think about money can do a lot for your consistent worrying. Accept that money is just a tool you use to get by in life. Don’t let it become the very reason you live and breathe. By altering the way you look at money, you can successfully reduce its level to the minimum.
2. Keep Records of Your Spending
Start by making a list of your monthly expenses and comparing it to the amount you make. By accepting that you successfully manage to cover your expenditures, you are essentially validating your financial position and accepting that the money you make is enough to get by.
3. Appreciate the Other Sources of Wealth in Your Life
Believing that the most important thing in life is money will make you worry when you have to spend it. To overcome the worry, you must look deeper and take note of the things in your life that make you happy. This will help you worry less about material things, like money.
By keeping these tips in mind, you can eliminate financial worries and live a healthier, wholesome life!
WORKING WITH A THERAPIST
You are invited to working with a therapist at Women’s Therapy Institute, our therapists can help you discover the underlying emotional and psychological triggers that may influence a person to make poor financial decisions.
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