How to survive your own financial crisis
A personal financial crisis can be the result of many events: job loss, divorce, bankruptcy, sudden medical expenses or any other events that cause financial stability to be lost. Whatever the reason, the consequences are always the same: stress, confusion, inability to control the situation, loss of self-confidence. Although it can be difficult to survive the financial crisis, it is important to remember that it is possible to regain control of the situation. Everything can be adjusted if you pack up and start acting.
Know that negative emotions are perfectly normal. Before you begin to correct the financial situation, it is important to deal with your emotions. You should come to terms with the fact that emotional problems are a natural part of the process. Depending on the situation, you may experience stress, depression, or anxiety, which may be accompanied by feelings of guilt or complete failure. You may also have the feeling that you are no longer in control of your life.
All these emotions are a natural part of the financial crisis. At first, it will probably be difficult, but gradually all these feelings will fade away if you adapt to the situation and begin to control what is happening again with the help of active actions.
Accept your financial situation. In difficult situations, people often try to ignore or deny the problem. This alleviates the emotional state, but does not help in the long run. It is important to accept your situation in order to be able to work with your problems and solve them yourself.
Accepting a situation is the first step towards resolving it. Try to direct all your efforts to positive actions and concrete decisions. For example, instead of continuing to think about a problem or blame yourself for what happened, promise yourself to solve the problem at all costs.
Talk about your situation. Tell your friends or close relatives about the problem to make it easier for you, and speak out loud the possible solutions to the problem. Your interlocutors will be able to give you advice based on your personal experience or the experience of your friends. These people will not only provide you emotional support, but also offer other, more productive ways to solve the problem.
If you cannot deal with emotions on your own, consult a psychologist or psychotherapist. If, due to the financial crisis, you develop depression, anxiety, or if you are thinking about doing harm to yourself, you should definitely seek help from a specialist.
Be honest with your family. Tell loved ones that you are in a financial crisis. Perhaps someone will offer you money on credit. But even if your family cannot afford to help you financially, talking with loved ones will relieve you of some of the stress.
Most often, children should be told about the financial crisis, because you will have to refuse some of their activities (music lessons, summer camp) in order to keep the family afloat. But do not forget to explain to the children that these changes are temporary.
Invite teenage children to find part-time jobs. If children are over 18 years old, offer them to pay you for rental housing.
Keep a positive attitude. Before you take action, promise yourself to think about the good. Think of it this way: although you cannot afford to influence the cause of the crisis, you can choose how you will respond to it. A positive attitude will improve your mood, reduce stress and help you solve a problem constructively.
Remember that no matter what the situation, other people have already encountered something similar and overcame difficulties.
Be thankful for what you have now. For example, if you have lost your job and owe a large sum, remind yourself that you are supported by friends or relatives.