{"id":689,"date":"2022-08-29T15:34:39","date_gmt":"2022-08-29T19:34:39","guid":{"rendered":"https:\/\/www.argentmaintenant.com\/blogue\/?p=689"},"modified":"2023-09-27T14:11:00","modified_gmt":"2023-09-27T18:11:00","slug":"how-to-beat-financial-stress-7-tips","status":"publish","type":"post","link":"https:\/\/www.argentmaintenant.com\/en-ca\/blog\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en","title":{"rendered":"How to beat financial stress – 7 tips"},"content":{"rendered":"

Virtually everyone will experience financial stress at some point in their lives. Whether it\u2019s student debt that never ends, a car that needs urgent repairs, a cost of living that\u2019s rising faster than average salaries, or the sudden loss of a job, we\u2019ll all end up in a situation where our finances cause us stress.<\/p>\n

If you\u2019re feeling stressed about your financial situation, you\u2019re by no means alone! In fact, according to a study by FP Canada,\u00a0money is the main source of stress for 36% of Canadians over the age of 35<\/a>. For Canadians under 35, the figure rises to 44%.<\/p>\n

Although this stress is normalized, that doesn\u2019t mean we should grit our teeth and endure it! Instead, we need to take proactive steps to reduce financial stress. Here are seven tips to help you overcome financial stress.<\/p>\n

1. Identify the source of stress<\/h2>\n

It\u2019s no coincidence that this is the first tip since it\u2019s literally the foundation. You may feel generally stressed about your finances, but it\u2019s important that you do the exercise of clearly identifying what\u2019s stressing you out. Is it your credit card that you struggle to pay off every month? Are your monthly bills piling up, leaving you with very little money for the rest of the month?<\/p>\n

Is it a temporary or chronic situation?<\/p>\n

Taking the time to think these questions through will help you pinpoint the real source of your financial stress and find a relevant strategy to remedy it.<\/p>\n

2. Have an emergency fund<\/h2>\n

Having an emergency fund may sound easier said than done, but it\u2019s a great way to reduce your financial stress. By having this fund, you know that if the need arises, you\u2019ll be able to afford to have your fridge repaired or your cat operated without going into debt. So it\u2019s a cushion that ensures you\u2019re not caught flat-footed when the unexpected happens.<\/p>\n

The amount varies according to your standard of living. Ideally, you should have the equivalent of three to six months\u2019 income in an emergency fund. Of course, this is an amount to be built up gradually, starting with realistic savings amounts.<\/p>\n

3. Draw up a realistic budget<\/h2>\n

Drawing up a budget\u00a0is an excellent way of finding out where your money is going and assessing your standard of living. Your budget should correspond to your current income, taking into account the debts you have to repay and the savings you want to make.<\/p>\n

At all costs, avoid projecting yourself into the future, thinking you\u2019ll soon have a better salary or an end-of-year bonus. Also, be honest with yourself and avoid underestimating what you spend on restaurants or alcohol, for example.<\/p>\n

By adjusting your actual expenses to your income, you\u2019ll avoid constant financial stress.<\/p>\n

\u00a0<\/span><\/p>\n

4. Have a strategy to reduce your debts<\/h2>\n

If debt\u2019s causing you a lot of stress, think about creating an effective repayment strategy. Every situation is unique and deserves personalized attention. After all, if you have two cars, a mortgage on your home and another on a cottage, plus a line of credit and several credit cards, you\u2019re in a different situation from a young person who has just graduated and is struggling to pay off his student loan.<\/p>\n

You could work with a financial advisor to identify the best strategy for you. Several tools are available, such as debt consolidation. An expert can also help you see things more clearly, so you can prioritize the debts you need to pay off as quickly as possible.<\/p>\n

5. Find additional sources of income<\/h2>\n

If you can\u2019t reduce your expenses at the moment,\u00a0supplementing your income\u00a0at the end of the month could be an avenue to explore. It could also be an exercise in saving money and building up your emergency fund.<\/p>\n

There are many platforms for performing freelance tasks, ranging from translation and text editing to basic administrative tasks and data entry.<\/p>\n

You can also sell objects or clothes you no longer use, rent out a room in your house or even get into Uber.<\/p>\n

6. Avoid temptation<\/h2>\n

Society sometimes pushes us to make choices that don\u2019t really correspond to our values. Whether we\u2019re talking about a car, electronics, clothes or a vacation abroad, there are tons of things that seem necessary but aren\u2019t. These expenses add up quickly, especially if they\u2019re very common.\u00a0Beware of compulsive buying too!<\/p>\n

7. Take care of yourself<\/h2>\n

Living under constant stress puts you at greater risk of getting sick, making mistakes and making bad decisions that can harm your personal finances! It\u2019s a vicious circle. So it\u2019s extremely important to take care of yourself, especially in times of stress.<\/p>\n

Even if you\u2019ve decided to work a few extra hours to pay off debts faster, take the time to rest too. Go for a walk, do yoga in your living room or take up meditation! The important thing is to do something that allows you to relax.<\/p>\n

Make sure you eat a healthy diet, drink plenty of water and get enough sleep.<\/p>\n

Finally, if you feel that financial stress is overwhelming you and you\u2019re feeling distressed, don\u2019t hesitate to seek help from a mental health professional. There are free or low-cost emergency resources that can help. Also, consider talking to someone you trust about your situation. The simple act of talking about your financial stress is sure to bring you relief!<\/p>\n","protected":false},"excerpt":{"rendered":"

Virtually everyone will experience financial stress at some point in their lives. Whether it\u2019s student debt that never ends, a […]<\/p>\n","protected":false},"author":9,"featured_media":392,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nHow to beat financial stress - 7 tips \u2014 Argent Maintenant<\/title>\n<meta name=\"description\" content=\"Money is the cause of stress for more than a third of Canadians. Find out how to beat financial stress in 7 simple steps.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to beat financial stress - 7 tips \u2014 Argent Maintenant\" \/>\n<meta property=\"og:description\" content=\"Money is the cause of stress for more than a third of Canadians. Find out how to beat financial stress in 7 simple steps.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en\" \/>\n<meta property=\"og:site_name\" content=\"Argent Maintenant \u2014 Micropr\u00eat rapide en ligne\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-29T19:34:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-27T18:11:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.argentmaintenant.com\/blogue\/wp-content\/uploads\/2022\/08\/argentmaintenant-comment-vaincre-le-stress-financier.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lo\u00efc Gamache\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lo\u00efc Gamache\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en\",\"url\":\"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en\",\"name\":\"How to beat financial stress - 7 tips \u2014 Argent Maintenant\",\"isPartOf\":{\"@id\":\"https:\/\/www.argentmaintenant.com\/blogue\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.argentmaintenant.com\/blogue\/wp-content\/uploads\/2022\/08\/argentmaintenant-comment-vaincre-le-stress-financier.jpg\",\"datePublished\":\"2022-08-29T19:34:39+00:00\",\"dateModified\":\"2023-09-27T18:11:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.argentmaintenant.com\/blogue\/#\/schema\/person\/fd14e42c9d638d1897d7948f57027cc8\"},\"description\":\"Money is the cause of stress for more than a third of Canadians. Find out how to beat financial stress in 7 simple steps.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en#primaryimage\",\"url\":\"https:\/\/www.argentmaintenant.com\/blogue\/wp-content\/uploads\/2022\/08\/argentmaintenant-comment-vaincre-le-stress-financier.jpg\",\"contentUrl\":\"https:\/\/www.argentmaintenant.com\/blogue\/wp-content\/uploads\/2022\/08\/argentmaintenant-comment-vaincre-le-stress-financier.jpg\",\"width\":1920,\"height\":1280},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/www.argentmaintenant.com\/blogue\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How to beat financial stress – 7 tips\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.argentmaintenant.com\/blogue\/#website\",\"url\":\"https:\/\/www.argentmaintenant.com\/blogue\/\",\"name\":\"Argent Maintenant \u2014 Micropr\u00eat rapide en ligne\",\"description\":\"Endossement pour un micropr\u00eat en 24 h, peu importe votre cr\u00e9dit. Service de garant qui vous aide \u00e0 obtenir un pr\u00eat facilement et rapidement.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.argentmaintenant.com\/blogue\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.argentmaintenant.com\/blogue\/#\/schema\/person\/fd14e42c9d638d1897d7948f57027cc8\",\"name\":\"Lo\u00efc Gamache\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\/\/www.argentmaintenant.com\/blogue\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/553d0a260349eb637a4aeb51dfe82204b9ad98e35bb62561ab9242c669a1f752?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/553d0a260349eb637a4aeb51dfe82204b9ad98e35bb62561ab9242c669a1f752?s=96&d=mm&r=g\",\"caption\":\"Lo\u00efc Gamache\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How to beat financial stress - 7 tips \u2014 Argent Maintenant","description":"Money is the cause of stress for more than a third of Canadians. Find out how to beat financial stress in 7 simple steps.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en","og_locale":"fr_FR","og_type":"article","og_title":"How to beat financial stress - 7 tips \u2014 Argent Maintenant","og_description":"Money is the cause of stress for more than a third of Canadians. Find out how to beat financial stress in 7 simple steps.","og_url":"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en","og_site_name":"Argent Maintenant \u2014 Micropr\u00eat rapide en ligne","article_published_time":"2022-08-29T19:34:39+00:00","article_modified_time":"2023-09-27T18:11:00+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/www.argentmaintenant.com\/blogue\/wp-content\/uploads\/2022\/08\/argentmaintenant-comment-vaincre-le-stress-financier.jpg","type":"image\/jpeg"}],"author":"Lo\u00efc Gamache","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"Lo\u00efc Gamache","Dur\u00e9e de lecture estim\u00e9e":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en","url":"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en","name":"How to beat financial stress - 7 tips \u2014 Argent Maintenant","isPartOf":{"@id":"https:\/\/www.argentmaintenant.com\/blogue\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en#primaryimage"},"image":{"@id":"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en#primaryimage"},"thumbnailUrl":"https:\/\/www.argentmaintenant.com\/blogue\/wp-content\/uploads\/2022\/08\/argentmaintenant-comment-vaincre-le-stress-financier.jpg","datePublished":"2022-08-29T19:34:39+00:00","dateModified":"2023-09-27T18:11:00+00:00","author":{"@id":"https:\/\/www.argentmaintenant.com\/blogue\/#\/schema\/person\/fd14e42c9d638d1897d7948f57027cc8"},"description":"Money is the cause of stress for more than a third of Canadians. Find out how to beat financial stress in 7 simple steps.","breadcrumb":{"@id":"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en#primaryimage","url":"https:\/\/www.argentmaintenant.com\/blogue\/wp-content\/uploads\/2022\/08\/argentmaintenant-comment-vaincre-le-stress-financier.jpg","contentUrl":"https:\/\/www.argentmaintenant.com\/blogue\/wp-content\/uploads\/2022\/08\/argentmaintenant-comment-vaincre-le-stress-financier.jpg","width":1920,"height":1280},{"@type":"BreadcrumbList","@id":"https:\/\/www.argentmaintenant.com\/blogue\/finance-en\/how-to-beat-financial-stress-7-tips\/?lang=en#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/www.argentmaintenant.com\/blogue\/"},{"@type":"ListItem","position":2,"name":"How to beat financial stress – 7 tips"}]},{"@type":"WebSite","@id":"https:\/\/www.argentmaintenant.com\/blogue\/#website","url":"https:\/\/www.argentmaintenant.com\/blogue\/","name":"Argent Maintenant \u2014 Micropr\u00eat rapide en ligne","description":"Endossement pour un micropr\u00eat en 24 h, peu importe votre cr\u00e9dit. Service de garant qui vous aide \u00e0 obtenir un pr\u00eat facilement et rapidement.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.argentmaintenant.com\/blogue\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Person","@id":"https:\/\/www.argentmaintenant.com\/blogue\/#\/schema\/person\/fd14e42c9d638d1897d7948f57027cc8","name":"Lo\u00efc Gamache","image":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.argentmaintenant.com\/blogue\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/553d0a260349eb637a4aeb51dfe82204b9ad98e35bb62561ab9242c669a1f752?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/553d0a260349eb637a4aeb51dfe82204b9ad98e35bb62561ab9242c669a1f752?s=96&d=mm&r=g","caption":"Lo\u00efc Gamache"}}]}},"_links":{"self":[{"href":"https:\/\/www.argentmaintenant.com\/en-ca\/blog\/wp-json\/wp\/v2\/posts\/689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.argentmaintenant.com\/en-ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.argentmaintenant.com\/en-ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.argentmaintenant.com\/en-ca\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.argentmaintenant.com\/en-ca\/blog\/wp-json\/wp\/v2\/comments?post=689"}],"version-history":[{"count":1,"href":"https:\/\/www.argentmaintenant.com\/en-ca\/blog\/wp-json\/wp\/v2\/posts\/689\/revisions"}],"predecessor-version":[{"id":690,"href":"https:\/\/www.argentmaintenant.com\/en-ca\/blog\/wp-json\/wp\/v2\/posts\/689\/revisions\/690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.argentmaintenant.com\/en-ca\/blog\/wp-json\/wp\/v2\/media\/392"}],"wp:attachment":[{"href":"https:\/\/www.argentmaintenant.com\/en-ca\/blog\/wp-json\/wp\/v2\/media?parent=689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.argentmaintenant.com\/en-ca\/blog\/wp-json\/wp\/v2\/categories?post=689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.argentmaintenant.com\/en-ca\/blog\/wp-json\/wp\/v2\/tags?post=689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}