It's no surprise that money and finances can be a major life stressor, and this worry can seep into all aspects of your life, including your performance at work.
Some people are stressed because they lack the knowledge to successfully manage their finances. Other people may face a major financial setback due to job loss or investments gone wrong. Whatever the cause of financial stress, there are ways begin improving your situation and resources to help you consider your options.
If you are also dealing with physical or mental health problems, financial stress can compound our stress, worsening our health. But there are many places that can help. A credit counsellor, financial planner, or bank employee could provide information and assistance. Your union, HR rep, or company's employee assistance plan may also be able to guide you in the right direction. The first step is always to sit down to determine where you are at financially and what you can afford to pay in terms of reducing debt. When we are stressed or unwell, we may not think this through as clearly as we could. This is when you really need to reach out for help.
Financial Literacy Resources include a collection of downloadable money management tips, worksheets, and strategies compiled by Chartered Professional Accountants Canada. Their many suggestions can help get you started on the right track. Improving your financial well-being can definitely have a positive impact on your physical and mental well-being.