Financial Anxiety During Tax Season
It is no secret that one of the main contributors to divorce is financial stress. Finances are a part of our every day lives and when they become overwhelming, our relationships can be severely impacted. As tax season gets underway, many individuals may fall prey to financial anxiety. Financial anxiety is the worry or stress that is associated with various financial burdens or obligations.
Dealing with the IRS in any capacity can add to an extra layer of financial anxiety and while anyone who pays taxes has to deal with Uncle Sam, it can be difficult for many to express the concern that comes with ensuring they do not come to financial ruin as a result. Money is a taboo topic and while financial literacy and education has vastly improved, most people struggle with financial issues in private.
A therapist can be a great outlet if you are dealing with the overwhelming emotions that come with financial anxiety.
Here are quick tips to deal with financial anxiety:
- Talk to a financial adviser.
- Take advantage of free financial management tools.
- Put a budget in place.
- Stop comparing yourself to others.
- Talk to a therapist if your feelings are causing stress, anxiety, depression, or self-harming thoughts.
Therapists are not financial advisers, but they can certainly help you manage the stress and provide encouragement as you put a plan in place to manage your finances.