Guest Contributor: Tasha Killian
USU Extension Assistant Professor, Juan County
2020 has been a stressful year. From pandemics to natural disasters, and seemingly everything in between, we have faced a level of uncertainty many of us have never seen before. This uncertainty has led to stress and worry in all aspects of life, including finances. If you fall into this category of finding your financial life more stressful in this crazy year, know that first you are not alone. According to a study performed by a group of researchers in Canada, parents have reported a higher level of stress with 22% of mothers saying their financial stress has increased regarding the next 6 months of their future (Carroll, et al., 2020). With all this stress happening, it can almost seem like a gloom and doom case scenario. However, there are things you can do to help manage this stress, especially when it comes to your finances.
If you have been feeling stressed out by your finances, there are some things you can do! I have compiled a list from various trusted resources with their tips on ways to manage your financial stress, during this time.
This has not been an easy year. There are struggles we have never faced before plaguing us and adding extra stress into our lives, especially in the financial realm. However, there is hope. You can take control and manage your financial stress.
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