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

  • A Welcome Market Rally

    November 4, 2022
    October was the welcome reversal of a difficult September. Strong Valley team members, Adam and Chris, recap the month of October and talk about key factors that caused the Market to rally, plus a discussion on the silver lining to rising rates.
    Read this Article

  • Pioneers of Hope

    June 30, 2020
    We know that there are many reasons to have concern during these times, but we also believe that there are many reasons to celebrate and have hope for the future.
    Read this Article
  • April Student of the Market

    Stock Market History for Your Future

    April 27, 2022
    Do you feel your satisfaction level with the market is tracking with the norm? Maybe this brief history of long term stock performance might help change your mind. This month’s Student of the Market shows the numbers on how $1,000 invested in 1926 grew to over $14 million and how best days for stocks tend to closely follow the worst days.
    Read this Article
  • Signs You Need a Financial Planner

    Signs You Need a Financial Planner

    January 4, 2022
    Sometimes it’s hard to tell if you need a financial planner’s help with a problem or if you can handle it yourself. As happens often in life, not reaching out to a professional can delay you reaching your goals and cause you to incur more out-of-pocket expenses and lots of headaches.
    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