Everyday Money

Many people are feeling intense anxiety over jobs and money during this period of uncertainty. If you are one of these and are struggling to cope here are some ideas to help your state of mind:

• Firstly establish what money is: it is simply a medium of exchange, it does not reflect self worth. If you cannot live in the way you have in the past, or have to downsize, it does not measure your value as a person.
• Money does not define success. If you think it does examine the messages you have received about money such as those you assimilated as a child, and reflect on your peer’s attitude to money.
• Visualise and verbalise your worst case scenario, this will reduce the fear factor – reflect on the saying “there is nothing to fear but fear itself.”
• If you need to take action write a timeline and stick to it, don’t let events overtake you. (Much more on this in Money, Money, Money Ain’t it Funny).

And a final thought; the present does not reflect the future. Markets will go up again, banks will stabilise and unemployment will reduce.