Money Stress (Part 2): Making Financial Stress, Less Stressful

By: Kaneisha Mitchell

Money and stress can make you feel like you are in a solitary experience. During this global pandemic, heightened stress and financial duress have taken a drastic toll on our mental health.

Here are 6 ways to Make Financial Stress, Less Stressful:

1. Acknowledgement

The first step towards healing is acknowledgement of the stress and shame. Avoidance causes more issues than the actual situation itself. People develop anxiety when it comes to handling their finances and in turn often avoid looking at their finances. Developing mechanisms to cope with stress and learning how to manage your financial situation can assist you with feeling more control of your life.

2. Practice Self-Compassion

Money stress is not going to be solved by being hard on yourself. Self-compassion motivates and helps you navigate through feelings of inadequacy, failure, pain, loss, and unfulfillment. Try doing something nice for yourself before you break out the calculator, excel, and notebook. For example, try speaking to someone for emotional support, listen to relaxing music, setting work boundaries (i.e. start/stop work, break time), or distracting yourself from the source of stress by tapping into some of your creative juices (i.e. writing, dancing).

3. Make Budgeting a Routine

Being paralyzed by fear stops most people from tackling their finances. You can try writing your emotions in notebook before you open your bank statements or log onto you bank account. You need to be able to separate your emotions from the budgeting process in order to be able to look at your finances in a practical way.

Try asking yourself the following questions:

  • Where is my money going?

  • Where can I combine resources?

  • What recurring services am I actually using?

  • How can I declutter my budget?

  • How is my debt looking and how can I manage it ?

4. Seek out Financial Resources

You can try working with creditors to receive late fee waivers, interest free waivers, or interest forgiveness. See what support maybe available through your state and local government agencies especially for those who have been impacted by the Coronavirus pandemic.

5. Talk it out

If you are someone who is lucky enough to have a person or people in their life, that care about you, take a deep breathe, and reach out. If you are scared or anxious about reaching out, then reach out being scared and anxious; take action. Venting about how stressed you are, allows you to get those feelings out and enables you to process them. Stress clouds your ability to see solutions. Where your focus goes your energy flows. Your perception when stressed or depressed is foggy because when you are only focused on problems then you only find problems. You can’t see the forest for the trees. You become so focused on what is going wrong in your life that it blurs your ability to see what is good in your life. Talking to someone who cares about you allows the opportunity for the other party to acknowledge your pain but not your bondage.

6. Know when seek Professional Help

When you need open heart surgery you do not go to the kitchen and grab a knife and start cutting. You go see a cardiac surgeon because he/she is a professional in the field of heart surgery. If your financial situation causes anxiety or stress, then seek out a financial planner or financial consultant that can help provide you financial support. If you need assistance tackling anxiety or depression, then contact a mental health professional so they can provide you the support needed to conquer the battle within your mind.


Hey… have you heard of my financial company, KM Financial Consulting (KMFC). KMFC provides you with the necessary tools needed to fix your relationship with money: from financial education, to money mindset, to managing assets, implementation strategies, and reducing financial risks.

At KMFC no matter your financial stage we have something to offer you. Book a consultation to start your journey towards financial freedom, lessening your financial stress, and the creation of generational wealth.

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