We all encounter stress at times, but for some the holidays can become an even more stressful time of year, not only with your finances but with your physical and mental health as well.
“Like any source of overwhelming stress, financial problems can take a huge toll on your mental and physical health, your relationships, and your overall quality of life,” says Gretchen Jackson, Director of Behavioral Health Outpatient Services at TRH. “The stress caused by financial issues can lead to health problems such as depression, anxiety, and substance abuse.”
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. There may be assistance programs that can help you lower debt or set up a manageable payment plan that works for you.
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.
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.
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. To learn more about our behavioral health and wellness services, visit our website at https://touchette.org/services/behavioral-health-and-wellness.
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About Touchette Regional Hospital
Touchette Regional Hospital has proudly served the communities of the metro-east for more than 60 years. We offer 24-hour Emergency Department, Intensive Care, Cardiopulmonary, Laboratory, Radiology, Medical Specialty Services, Transportation, Sleep Center, Physical Therapy, Senior Care Services, Start Now Breast Cancer Awareness Program, Southern Illinois Home Care, Special Needs Dentistry for children, and Behavioral Health (inpatient and outpatient). For more information, visit www.touchette.org.