Michelle Singletary: Getting better with your money starts with taking care of yourself
Money is a common source of stress
Know your triggers and spending patterns
Open your heart to trusted loved ones
- When your emotions arise, name them.
- Acknowledge that you are not your emotions.
- Remind yourself that they will pass.
- Try replacing negative or unhelpful thoughts with empowering thoughts. For example, one patient often thought, “I will never understand this stuff. I feel so stupid.” Instead, she began to think, “This information is new to me and I am learning,” which helped her calm down Come down and focus.
- Identify coping strategies that don’t involve money, such as breathing exercises, venting to a friend, or going for a walk.
- Set time limits for handling financial tasks to avoid becoming overwhelmed.
- Take a break to regroup. Exercise, listen to music, play with your children, or do other activities that bring you joy.
Make a plan and track your progress
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