According to a survey done at CreditWise from Capital One, finances are a leading cause of stress. 73% of people surveyed have more stress from finances than from work, family life, or politics.
Do you see this in your own life? How about in the lives of your friends or coworkers?
When looking younger generations, it increases to 82% of people experiencing financial stress. Whether you personally are experiencing financial stress, or you have friends or family members who are, it is important to understand the impacts that it can have.
People can experience stress because of specific events or ongoing issues, and it can vary in intensity. An article by the Mayo Clinic explains what happens inside people when a stressful event occurs. When experiencing stress of any kind, various hormones are released in our brains. Our adrenaline and our cortisol levels are increased. This elevates heart rate and blood pressure, as well as increasing sugar in the bloodstream. All of these physical changes aid in the "fight-or-flight" response by helping us have faster reactions. In addition to the above responses, cortisol also also alters the immune system's ability to respond and it suppresses digestion and the growth process of cells. While important in immediate and dangerous situations, these physical effects of stress can be damaging over long periods of time.
Do you see any of these health issues in your life or in your friends? It may be due to financial stress.
In the CreditWise survey mentioned above, many people reported being hopeful that their finances will improve over the next year (53% of people) and 59% of respondents said they would like to learn more about financial tips and improving their credit score. Many people want to improve their situations but don't know where to start.
This is where a financial advisor comes in. By getting personalized financial coaching, people can learn to properly manager their finances Having the right support can make the world of change.With coaching, people that are struggling can receive the help they need to stabilize and improve their financial state, leading to a decrease in stress and the associated health issues.
We offer a free account at our website with tools to get you started. As well, there is one-on-one coaching for a small monthly fee.
If you want to learn more, visit our website at https://financiallyfitme.com/