Inflation & Anxiety

The information below was taken directly from Ramsey Solutions. It came via email and I attached the link at the bottom of the page.

I’ve been feeling it. You probably have too.

For a lot of us, the feeling of our money stretching thinner and thinner sets off our stress responses like a fire alarm. And folks, fear, anxiety and despair are terrible financial advisors in times like this.

But hear me say this: Inflation doesn’t make you anxious. It’s the alarms that do. So, when those start blaring, there are things you can do to regain control. Try using these three steps:

1. Recognize what you can control and let everything else go. No amount of worrying is going to bring down gas prices or interest rates. Instead, look at the facts, accept this season for what it is, and make a plan for what you can control—things like your budget, your spending habits or your expectations. Worrying doesn’t solve any problems.

2. Take control of your money. Like I said above, inflation doesn’t make you anxious. What inflation does, though, is remind you if you’re on the edge financially. When you owe money or you’re living paycheck to paycheck and the cost of a tank of gas goes up $20, you’re ruined. But when you don’t owe anyone and you’re in control, inflation isn’t disabling—it’s just annoying. Ask yourself: Where can you take more ownership of your spending? Can you make cuts in your budget? How can you increase your income?

3. Find ways to give. Yes, give. Whether it’s your time, money or talents, it’s important to get out of your head and do things that you can tangibly see bless other people. When you’re only focused on yourself, it’s easy to feel like you’re drowning in your problems. But if you shift your focus to helping and serving other people, that can be liberating.

https://manage.kmail-lists.com/subscriptions/web-view?a=RzHn5B&c=01FFSVYW9A4MANDNMM1G0RE4YD&k=6ae3c73d44429baba9df92f5ea6bfb84&m=U7PxAW&r=L2cSS47