Oxford Dictionary defines stress as ‘a state of mental or emotional strain or tension resulting from adverse or demanding circumstances’. It has been reported upon countless occasions that finances are the number one cause of stress on individuals. In the U.S., survey results showed that 76% cited finances as one of their major concerns (source: https://www.apa.org/helpcenter/economic-stress.aspx).
In order to eliminate these stresses, there are many ways in which you can assess, understand and take control of your financial situation. Financial planning provides guidance on the best actions you can implement immediately to better impact your financial situation.
It is important to have a clear understanding of what is happening economically, but to not allow yourself to get caught up in it and panic unnecessarily. Being aware of what is going on in the world of finance will assist you to make smart choices with your money and help to shape the way in which you plan your financial future.
Recognize the ways in which you deal with financial stresses; the things that relieve your stresses can actually cost you, whether your relief is in the form of cigarettes, alcohol, emotional eating or even gambling.
We offer comprehensive Financial Planning services. Speak to one of our Advisors today for a stress-free future.
ClearWay Advice and Financial Management is a Corporate Authorised Representative Representative No.473095 of Keystone Partnership Pty Ltd ABN 22 169 650 720, Australian Financial Services License (AFSL) No.466137.