We all encounter stress at times, and the holidays can become even more stressful. Holiday get togethers, shopping for gifts, traveling, and trying to juggle all the normal activities in between can become draining, not only with your finances but on your physical and mental health as well. Here are some tips to help you deal with financial stress around the holidays:
Make one financial decision at a time. Space out your financial decisions instead of making too many at once and becoming overwhelmed, especially on major purchases.
Track your spending. Keep a daily list of how you spend your money to get a general idea of necessities and how you can navigate your future spending.
Identify your financial stressors and make a plan of action. Take stock of your financial situation and where money causes you stress. Make a plan where you and your family can reduce expenses or manage your money more efficiently.
If you’re having trouble paying bills or staying on top of debt, reach out for help by calling your bank, utility companies, or credit card company to set up a payment plan or see if they offer an assistance program.
Recognize how you deal with stress related to money. In difficult financial situations, some people are more likely to relieve stress by turning to unhealthy activities such as smoking, drinking, gambling, or emotional eating. Be alert to these behaviors as they can lead to further problems with not only your mental health, but physical health as well.
Avoid temptation. While it may not be possible to stay away from shopping malls or online shopping altogether, limiting your time there can help you manage spending. Avoid opportunities for impulsive spending by leaving credit and debit cards at home and only carrying the amount of cash you can afford to spend.
Remember what’s important. When your holiday expense list extends past your monthly budget, scale back. Remind yourself that family, friends, and relationships matter more than material objects.
Ask for support. Having a support system can help you manage your financial goals. Surround yourself with people you trust who will support your financial goals and will help keep you on track.
There is no gift more precious than your health, so do what you can to stress less this holiday season.
If you’re feeling overwhelmed and need someone to talk to, we’re here to help. Call our Intake Line at 618-332-4038, which is available 24 hours a day, seven days a week.
At Touchette Regional Hospital, our compassionate behavioral health care staff is available when you need us. Maintaining your mental health is critically important to your overall wellbeing. Mental health problems touch everyone in all walks of life - it doesn’t discriminate. We can help. To learn more about our behavioral health and wellness services, click here.