Comments on: Addressing Financial Worries in a Healthy Fashion

By: jana

jana — Tue, 23 Sep 2008 21:18:46 +0000

At one point I made a list of what we can do and what we can’t do. On the can’t do side was “pay for college” but on the “can do” side was help investigate college, scholarships and financial aid. And support our kids in following their dreams. This was a very helpful exercise! There’s just something about putting it on paper.

By: Kevin

Kevin — Tue, 23 Sep 2008 15:34:21 +0000

We’ve been working on this since our son was born last summer. I finally wrote down goals with specific dates as to when certain things would get done. We’re close to finalizing our wills, have life insurance, no debt (except mortgage) and a great emergency fund. So now I worry about smaller things like where I want to be career-wise in 5/10 years. It is great to have choices and having our financial life in order allows us to do that.

By: Amit

Amit — Tue, 23 Sep 2008 05:36:45 +0000

Great Advice…I think people generally try to ignore this since they dont want to face the hard truth…
But as you say, if we can note it down then may be can also come up with solutions…(which could be very simple)

By: almost there

almost there — Tue, 23 Sep 2008 01:34:21 +0000

As a worrier I plan for the future and life events. I have life insurance, finances in order, minimal debts and plan on retiring next month. I worry about things outside of my family. My dad is dying leaving my mom with no means of support, no social security. Sister is being laid off. For those worries there is wiskey :) as I realize that I am not responsible for people other than my spouse and child. Will help as I can but will not go in debt or ruin my lifelong plans for them.

By: Penelope

Penelope — Tue, 23 Sep 2008 00:35:24 +0000

I put money into an emergency fund and some into a spending fund, that way when I feel like spending on a ‘want’ rather than a ‘need’, it’s there. We all have impulses, so I try to plan for it in advance. My ‘impulses’ are never that extravagant anyway, I’m pretty frugal by nature. It’s just comforting knowing that if I want to spend the money then it’s there. It’s my choice not to spend that money; not that I don’t have the money to spend. I use reverse pyschology on myself :)

By: Ryan McLean

Ryan McLean — Mon, 22 Sep 2008 23:41:54 +0000

Having a plan to deal with the worry is the number one key to success.
Denial is not a river in egypt and if you fail to plan you plan to fail.

By: Lisa@ Cents To Save

Lisa@ Cents To Save — Mon, 22 Sep 2008 22:17:20 +0000

During these difficult times, I have peace that comes with an emergency fund that will cover at least a couple of hiccups. I also find that just being able to talk about the things that are bothering me really helps me deal with things better. Sometimes just verbalizing the problem will minimize it effect.

By: Tyler @ Dividend Money

Tyler @ Dividend Money — Mon, 22 Sep 2008 20:53:58 +0000

I have a concern that to many likely seems ignorant. However, I am very good at my job and over the past four years I have seen my salary triple.
While that may seem great (which in ways it is) I am not passionate about my work and the increasing salary makes it harder and harder to leave and pursue my passion(s) – which initially will not provide anywhere near the income that I currently earn.

By: Bettsi

Bettsi — Mon, 22 Sep 2008 20:40:20 +0000

Good advice! Thank you. I’m off to explore credit counseling agencies.

By: Gayle RN

Gayle RN — Mon, 22 Sep 2008 20:20:42 +0000

I find that if I am consistently worrying about something then that is the thing that I need to prioritize doing something about it. Of course, then the next worry floats to the top. At least I am taking care of what really matters to me.