Five reasons why you need to stop worrying about money

The National Foundation for Credit Counseling (NFCC) recently held a poll on their website. They found that nearly 80 percent of respondents admitted to losing sleep at night due to financial worries. That’s an enormous amount of people losing sleep over money.

Of course that number is a little skewed, given that respondents were visiting the website of a financial counseling organization, but skewed or not, any number of people losing sleep over money is too many. Why?

  1. Worrying doesn’t accomplish anything. Harsh, but true. Most people recognize this, but it’s still human nature to worry. There’s nothing wrong with worrying and you certainly shouldn’t feel bad about it, but all too often we allow worrying to become the thing we do – the only thing we do. Rather than taking proactive steps towards a solution, we let worry bolt us to the floor. So you’re allowed to be worried – but you have to do something about your problems, too.
  2. If you can do something, do it. The fastest way to reduce your anxiety about money (or anything) is to do something. Even it’s just talking to someone, taking real action makes you feel better almost instantly. If you can’t sleep, get out of bed and do something. Make a plan. Pick up the phone. You’ll be surprised how much easier it is to sleep with a little positive progress at your back.
  3. If you can’t do anything, you can’t. One of the hardest aspects to master when it comes to worrying is the ability to let it go. Once you’ve done everything you can to improve the situation, you have to sit back and accept that there isn’t anything further you can do. That’s incredibly hard, but losing sleep over things you can’t control does nothing positive for anyone.
  4. The good outweighs the bad. Problems, including money problems, have a way of occupying exponentially more space in your mind than they really deserve. That’s not to say that your problems are inconsequential, but it’s important not to let your worries and fears drive all of the good stuff out of your mind. Because there is good stuff – there’s always good stuff. We just tend to let the bad or less-amazing things in life overshadow the positive. So flip the script. When you find yourself worrying and you’ve done all you can, turn your focus to all the secretly awesome things in your life.
  5. Help is available. Asking for help isn’t easy. That’s understandable. But sitting on your problems, losing sleep, and suffering whatever other symptoms of stress and anxiety isn’t great either. Talk to your family. Talk to your friends. Get your problems out in the open. Don’t be afraid to reach out for professional help. Here at MMI, we offer counseling for a number of financial issues, including debt problems, student loan problems, foreclosure prevention, and much more. We can provide expert advice and guidance. Whether you come to us or someone else, the important thing is that you reach out.

Money is just a part of your life. When it’s tight or when you struggle, it might feel like the biggest part of your life. But you don’t do yourself any favors by letting money worries push everything else aside. So take action! You might not be able to stop worrying altogether, but you can do a lot to control those worries. At the very least, you’ll be able to sleep a lot better at night.

Jesse Campbell is the Content Manager at MMI. All typos are a stylistic choice, honest.

  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.
  • The National Council of Higher Education Resources (NCHER) is the nation’s oldest and largest higher education finance trade association. NCHER’s membership includes state, nonprofit, and for-profit higher education service organizations, including lenders, servicers, guaranty agencies, collection agencies, financial literacy providers, and schools, interested and involved in increasing college access and success. It assists its members in shaping policies governing federal and private student loan and state grant programs on behalf of students, parents, borrowers, and families.

  • Since 2007, the Homeownership Preservation Foundation (HPF) has served as a trusted, neutral source of information for more than eight million homeowners. They are partnered with, and endorsed by, numerous major government agencies, including the U.S. Department of Housing and Urban Development and the Department of the Treasury.

  • The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.

  • The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.

  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.