There's no escaping the fact that we're in a cost of living crisis. But if you're feeling concerned about your finances, it's worth remembering that anxiety is completely normal. And that's why we've put together this little guide to help you get through it!
Feelings associated with the cost of living crisis
Experiencing a range of emotions is common when worrying about the cost of living. Stress and anxiety are often the first feelings that come to mind, as the pressure of financial constraints can feel suffocating. This can lead to a sense of helplessness, as if there is no way out of the situation.
Anger and resentment may also arise, directed at the perceived unfairness of the cost of living crisis.
You may feel depressed, as the situation can seem overwhelming and never-ending.
Feeling ashamed or embarrassed about financial struggles can also occur, leading to a sense of isolation and loneliness.
The weight of the cost of living crisis can be so heavy that it can feel like grieving for one's old life. All of these emotions are valid and understandable in the face of such a daunting issue. It's important to remember that seeking help and support is a sign of strength, not weakness, and that there are resources available to assist in navigating this challenging time.
Accept and confront your feelings
It's okay to feel anxious, ashamed, or guilty. We all have those feelings at some point in our lives, especially around finances and providing for our families, and it's important to accept them instead of trying to push them away. It might be helpful to talk about your feelings with trusted friends or family members, or a therapist if you have one. Don't feel like you have to bottle up your emotions - that will only make things worse in the long run. Letting your feelings out can be a great way to process them and find ways to move forward. Remember, it's okay to not be okay, and seeking support is a sign of strength, not weakness.
Take control of your finances
Here are some practical steps you may want to take that could help you feel less overwhelmed and more positive about the future.
Start a budget planner. A lot of people don't like to think about their finances, but this is an important part of taking control of your financial situation. If you don't know where your money goes each month and how much you have left over after paying for essentials, it's hard to know what changes need to be made. A simple spreadsheet or app can help keep track of all your expenses and income so that when something unexpected comes up (like an expensive car repair), there's no question about whether or not it will impact the bottom line.
Cut down on extras. Spending money on things like TV subscriptions, fast food and other luxuries can add up quickly, so consider cutting back where possible without sacrificing too much quality-of-life enjoyment!
Look after yourself and your own mental health
Taking care of your mental health is really important at this time, and seeking support is a great first step! Talking to a friend or family member can be a good way to start opening up about what's going on, and if you feel comfortable, joining a support group can be really helpful too. If you're struggling with depression or anxiety, it's important to seek professional help as soon as possible. Getting treatment early on can make a huge difference in your recovery. Remember to take time for yourself as well. Find activities that help you relax and make you feel good, whether that's going for walks in nature, painting, or trying out something new. Take care of yourself, and don't be afraid to reach out for help!
If you feel like there's no way out, remember that there are many resources available from which you can draw strength. Take care of yourself and remember that every day is a new beginning!
If you are suffering with Anxiety about the Cost of Living crisis, and you would like help finding a way through your difficulties, please get in touch with Hope and Harmony to see how counselling can help you.