Important Note

You are now leaving the Strong Valley Wealth & Pension, LLC ("Strong Valley") website. By clicking on the "Schwab Alliance Access" link below you will be entering the Charles Schwab & Co., Inc. (“Schwab”) Website. Schwab is a registered broker-dealer, and is not affiliated with Strong Valley or any advisor(s) whose name(s) appears on this Website. Strong Valley is/are independently owned and operated. Schwab neither endorses nor recommends Strong Valley. Regardless of any referral or recommendation, Schwab does not endorse or recommend the investment strategy of any advisor. Schwab has agreements with Strong Valley under which Schwab provides Strong Valley with services related to your account. Schwab does not review the Strong Valley website(s), and makes no representation regarding the content of the Website(s). The information contained in the Strong Valley website should not be considered to be either a recommendation by Schwab or a solicitation of any offer to purchase or sell any securities.

Article

Financial Anxiety is a Big Sleep Thief

It’s not uncommon to discover that sleepless nights are often associated with financial uncertainty or looming decisions about money. Here are some tips to help navigate financial uncertainty and give you opportunity to pave the way for a more secure and restful future.

August 10, 2024
Important Disclosure: Content on our website and in our newsletters is for informational purposes only. The information provided may (or may not) directly apply to your situation. We recommend that readers work directly with a professional advisor when making decisions in the context of their specific situation.

In an era of unprecedented change and economic volatility, the sleepless nights associated with financial concerns are becoming all too familiar. Despite an overall confidence in their financial well-being, many are grappling with anxiety about money that permeates various aspects of their lives.

Navigating the Storm: Coping Strategies

To navigate the anxiety storm, there are several strategies that can help navigate financial uncertainty and give opportunity for some restful sleep.

Financial Literacy: Invest time in improving financial literacy. Understanding budgeting, investing, and debt management can empower individuals to take control of their financial futures.

Open Communication: Establish open communication about money within relationships. Discussing financial goals, concerns, and strategies can help alleviate tension and foster mutual understanding.

Mental Health Support: Prioritize mental health by seeking support when needed. Therapy, counseling, or support groups can provide valuable tools to cope with the emotional toll of financial anxiety.

Emergency Fund: Build and maintain an emergency fund. Having a financial safety net can offer peace of mind during uncertain times and act as a buffer against unexpected expenses.

Planning Matters

The pervasive impact of financial anxiety on sleep, relationships, and overall well-being is a pressing concern. Acknowledging these challenges is the first step towards finding effective coping strategies.

By prioritizing financial literacy, fostering open communication, seeking mental health support, and building a financial safety net, you can navigate the storm of financial uncertainty and pave the way for a more secure and restful future.

Other content you may like

  • Longest Bond Bear Market

    Longest Bond Bear Market

    April 29, 2024
    Despite the unusual performance in Q1 in which stocks started positive and bonds negative, this has been the longest bond bear market with active and flexible bond funds outperforming. See what that could mean for cash vs bonds with performance data following periods when money market or bond fund assets are greater. Also data for stock and bond correlations, trends in stock sectors by US Presidents, and charts on the 15th best start to a year for stocks.
    Read this Article
  • Build A Better Tax Plan

    5 Ways to Build a Better Tax Plan

    April 20, 2021
    Here are some strategies to consider helping your financial plan become more tax-efficient.
    Read this Article

  • Seasonal Stock Returns

    May 18, 2021
    This May edition of the Student of the Market looks at recent stats and trends, such as value performance, fund flows, seasonal stock returns, as well as providing a quick primer on inflation.
    Read this Article
  • Mid-Quarter Roundtable Highlights

    Podcast Highlight - Predictions for Inflation: Potential Pains and Gains

    November 30, 2022
    Inflation hasn’t gone away. An examination of true inflation helps the team explain why rising costs were a factor in the exit polls and how some costs are hitting harder than others. There may be relief on the horizon as they look at historical inflation and how it peaks.
    Read this Article
    • The link you have selected is located on another server. The linked site contains information that has been created, published, maintained, or otherwise posted by institutions or organizations independent of this organization. We do not endorse, approve, certify, or control any linked websites, their sponsors, or any of their policies, activities, products, or services. We do not assume responsibility for the accuracy, completeness, or timeliness of the information contained therein. Visitors to any linked websites should not use or rely on the information contained therein until they have consulted with an independent financial professional. Please click “Continue to Link” to leave this website and proceed to the selected site.
    No, stay on StrongValley.comContinue to link
    phone-handset