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Five Easy Steps To Reduce Financial Stress

May 8, 2018 Women worry about money. According to a recent study, 79% of women feel weighed down by money and job stress and another study found women are more likely to lose sleep over money than men (at 79% vs. 70%). While it’s nice to know you’re not alone as you toss and turn the night away, wouldn’t it be nicer to stop worrying? You’d lower your stress – which can affect your physical and emotional health in a whole host of ways –and enjoy life more. And there’s no better time to put yourself on a path to stressing less.

Here are five steps that can help:

Step 1. Make a list of the money-related issues you worry about most.

It might seem like putting your concerns down on paper will make you feel even more worried, but there’s actually lots of research to show the benefits of capturing your thoughts. You have to know what’s causing you stress before you can figure out how to deal with it. And sometimes just seeing a worry in print can make it feel more manageable.

Step 2. Evaluate your current financial situation.

Take a look at each of the areas you’re concerned about and decide if your worries are justified. First, estimate the cost of whatever you’re looking to fund (e.g., college, retirement, wiping out your credit card debt) using the we offer. Then list the assets you currently have set aside to cover each area and get a handle on the gap between your expenses and resources.

Step 3. Ask for help.

Feel like you can close the gap on your own? Good for you and get cracking! Need some strategies and advice? Summit is here to help. Our financial experts and loan officers are happy to set up a free, no-obligation appointment. today.

Step 4. Make realistic changes – and keep on keepin’ on!

Whether you come up with a game plan on your own or have some help, make sure it includes a manageable to-do list. You can’t solve all your financial problems overnight, so don’t set yourself up to fail. And don’t be too hard on yourself when you have setbacks. There’s going to be a month when you can’t put aside as much money as you hoped to, or splurge on something you shouldn’t. Don’t wallow – move on!

Step 5. Own your money!

Sure, it’s the Summit tag line, but it’s there for a reason. Feeling confident about your ability to manage your finances – and handle whatever life throws your way – will go a long way toward relieving stress. You can do it and Summit’s here to help. Try it and see how much better and healthier you feel! Smart money tips brought to you by , Summit’s exclusive financial wellness program. You might also be interested in Whew – what a journey! has officially come to a close, and these four teams have been impressive. And they’re leaving this program with less debt, mo Financial success isn’t how much money you have — it’s feeling good about what you’re doing with the money you have. How can we help you avoid difficult money situations and put you in the best financial position for success? This question is at the heart of so many things we do here as your financial partner – including our decision to eliminate the non-sufficient funds (NSF) fee as of April 1. Are you struggling to come up with the perfect New Year’s resolution? Here are three great reasons why focusing on your finances should be a priority this year! It’s not every day that someone gives you hundreds, or maybe even thousands, of dollars for (seemingly) no reason. That’s what makes getting a tax return so exciting. So before that much-anticipated check arrives, stop and consider what you should do with your tax refund, as well as what you want to do. Simple, everyday choices can reduce consumption and our impact on the environment. Learn ways to be more eco-friendly…and your spending at the same time! Sometimes having a little extra cash is the only thing between you and your dreams. Check out these financial tips to be smart about borrowing money and avoid common mistakes. With a little planning, you may be able to actually save a little money during the holidays. Check out these tips to keep costs down without missing out on the holiday fun. Your home is your castle, your refuge and—let’s face it—a place where it can be very easy to sink a big chunk of money. Which is why you’re always on the lookout for “sweet spots”:  those home improvements that add comfort, safety or a little zing of style while you’re living in your house and will boost the asking price when it’s time to sell. And if you can find a way to save money on those improvements or cut home expenses at the same time, well that sweet spot just got a little sweeter! Featured Products Certificates Checking Accounts Home Equity Loans Home Loans Business Banking Certificates Checking Accounts Home Equity Loans Home Loans Business Banking Financial Education Upcoming Events Programs Tools & Calculators On-demand Webinars Podcasts Upcoming Events Programs Tools & Calculators On-demand Webinars Podcasts About Equity in Money™ About Summit Careers News Community Giving Equity in Money™ About Summit Careers News Community Giving Help & Support Contact Us Member Support Center Schedule an Appointment Find a Branch Contact Us Member Support Center Schedule an Appointment Find a Branch Please read the following before proceeding to: The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. NCUA Insurance Estimator Privacy, Security & Accessibility Rates, Fees, Terms & Disclosures Routing Number *  The Wisconsin's #1 Mortgage Lender designation is based on the number of loans in 2022, gathered from the Home Mortgage Disclosure Act data compiled annually by the Consumer Financial Protection Bureau. The results of the data were obtained through the LEI: 254900NTAC4H10MGSU23 **  SBA Lender of the Year Award for Credit Unions as awarded by the Small Business Administration of Wisconsin in 2023. Copyright 2024 © Summit Credit Union. All rights reserved. If you are using a screen reader and are having problems using this website, please call 608-243-5000 for assistance. Insured by NCUA