Do you have financial fears? I recently read that it’s common for people to name some form of a financial fear as the thing that scared them most. There are many financial situations that make one’s heart beat faster and bring on mild feelings of panic. The “what-if” scenarios are the ones we tend to dwell on, wondering if we can handle such a situation and what we will do when/if the time comes. For many of us, this “what-if” scenario has become a reality over the past few years. Some of us have been lucky enough to avoid the situations we fear the most, but we live with an awareness that the situation could change.
The top financial fears many of us have include:
At it’s root, fear means you have an awareness that something bad is about to, or could happen to you. For instance, you hear a story about a friend’s boyfriend being in a car accident, and you start to wonder when an accident, medical issue or other unknown disaster will happen to you. Fear isn’t BAD, our emotions help us gauge whether we have a deeper problem to work through. If you’re living with a lot of financial fear, perhaps it’s time to take some practical steps that will allow you to put those fears to rest.
One way to diffuse your fear is make sure that you have a plan in place to deal with the situation if it should occur. It’s impossible to predict when or if something bad may happen, but you can be prepared if it does.
Some simple steps taken now can prepare you to feel far more secure in the face of financial uncertainty. Here are a few steps you can take:
What are your financial fears? What strategies do you have in preparing for or dealing with such situations?
If you are experiencing financial difficulty and are looking for a solution, non-profit credit counseling can help you make sense of all your options. Contact us today for a free financial assessment with one of our certified credit counselors.
Consumer Education Services, Inc. (CESI) is a non-profit service provider of comprehensive personal financial education and solutions for all life stages and for all of life’s milestones. Our goal is enhanced economic security for everyone we serve.
CESI is NOT A LOAN COMPANY