Stress is a part of life, and we all have periods where we simply have more stress than others.
Whether it’s your career, family, finances, or even health, when one of these aspects of your life isn’t going well, it has the ability to push you to your limits and inherently cause you stress that affects your life entirely.
Apart from those moments you’re actually suffering financial stress, however, you probably never realized how much any stress has the ability to affect your finances. Here are four ways stress hurts your budget.
1. Stress-Induced Shopping
When you’re stressed or sad, it’s only natural to try to do things for yourself that’ll cheer you up or get your mind off things. For many people, shopping is one such way to do so.
Purchasing items you want and experiencing that instant gratification has a way of making you feel better in the moment.
The problem with that? The feeling doesn’t last, which means you keep chasing that feeling and spending money you either don’t have or shouldn’t. In turn, you could rack up debt and put yourself in a hole.
2. Increased Health Care
Stress affects more in your body than just your mind. It also has an array of physical health effects when you fail to cope properly.
Unfortunately, those physical effects, if not taken care of, can take their toll as well. That being said, it could lead to an increase in doctor visits and medical bills, which are no doubt expensive. In the end, causing you to spend more of your income on health care and possibly leaving other categories lacking.
3. Lack of Motivation for Daily Chores
Between the emotional and physical aspects of stress, living your daily life can seem nearly impossible. That being the case, items on your to-do list like cooking and cleaning might fall to the wayside and become low priority.
It’s all too easy to turn to take out, prepackaged goods, and possibly cause you to hire-out your household cleaning. While it might not seem like a big deal, eating out constantly or hiring things done can get costly quickly and take your hard-earned money away from more important thing.
4. A Turn to Vices
For some, coping with stress means turning to habits like smoking, alcohol, or a less obvious option, weekly visits to pamper yourself.
Whether you spend money on cigarettes, a daily drink, or a regular manicure, facial, or even a daily latte, these small ways to cope with stress don’t come as cheap as you think.
This is especially true if your stress is causing you to turn to these habits more and more. No matter what your vice is, it’s likely one that will cost you quite a bit in the long run.
Unfortunately, there’s no way to completely avoid stress. Nonetheless, if you don’t have proper practices in place for coping with stress, it could lead you to spending more and in turn, harming your budget. Beware of these common ways stress can affect your finances, and find other, healthy ways to manage stress in life.
What are some ways you cope when you’re stressed? Have you ever broke any of these stress related habits?- Kayla