3 tips for managing financial stress

Individuals 04.03.2023 2 MIN

Financial stress can negatively impact your physical and mental health as well as your quality of life. If you’re feeling anxious about money, you’re not alone: 66% of those surveyed by the American Psychological Association said that money is a significant source of stress.¹

While the causes of financial stress are different for everyone, here are three tips to help you cope and find your financial peace of mind.

Tip 1: Review your finances

Take a look at your budget. What are the areas that concern you most? Once you pinpoint the sources of your financial stress, you can take small, manageable steps to tackle the issue. Remember, even small changes today can make a great impact on your financial future.

Whether you’re worried about overspending or paying off debt, Goldman Sachs Ayco Financial Wellness can help you feel more in control of your finances.

Tip 2: Put together a financial plan

A financial plan can provide a roadmap for achieving your goals and help you regain a sense of clarity and control when it comes to managing your money. Having a plan in place can also help you feel more confident about your ability to respond to financial challenges or setbacks. If you already have a plan but have concerns, a Goldman Sachs Ayco coach can help you maintain perspective on your situation.

Tip 3: Talk to someone

Money is not an easy topic to talk about, especially if you’re going through hard times. But holding in stress can make you feel worse. Find someone you can talk to—whether it’s a loved one or your Goldman Sachs Ayco coach.

While they may not be able to fix your problems overnight, talking to someone gives you an opportunity to work together on a solution. With the right support, your financial problems may not seem as insurmountable, and you don’t have to feel like you’re going it alone.

If you have Goldman Sachs Ayco as a company benefit, register, log in or download our Goldman Sachs Wellness app to learn more about this and other financial wellness topics.

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3 tips for managing financial stress

Financial stress can negatively impact your physical and mental health as well as your quality of life. If you’re feeling anxious about money, you’re not alone: 66% of those surveyed by the American Psychological Association said that money is a significant source of stress.1

While the causes of financial stress are different for everyone, here are three tips to help you cope and find your financial peace of mind.

Tip 1: Review your finances

Tip 2: Put together a financial plan

Tip 3: Talk to someone

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Financial stress can negatively impact your physical and mental health as well as your quality of life. If you’re feeling anxious about money, you’re not alone: 66% of those surveyed by the American Psychological Association said that money is a significant source of stress.¹