It’s just so hard understanding what’s going on in the news- every day it’s like something different. I feel so overwhelmed trying to manage my own money for the first time I feel like I’m doing everything wrong.
Trying to make sense of all this inflation interest rate stuff is so stressful and confusing how do people just know how to make sense of all this stuff? I feel like I’m falling behind my peers and I feel really alone.
It’s not just me right?
Constantly stressed about money and the economy
byu/vanilla_basil778 inpersonalfinance
Posted by vanilla_basil778
9 Comments
Consider turning off the news.
Step away from social media.
The constant barrage of attempts to capture your interest are causing you to be distressed. This is intentional. This is what generates clicks/views/likes/shares/etc.
Turn it off. Step away.
Focus on your personal financial situation. The world will do whatever it wants to do. You need to focus more on you.
“It’s definitely not just you. A lot of people are feeling this right now, even if they don’t openly talk about it.
The news makes everything sound more chaotic than it actually is, and when you’re managing money on your own for the first time, it can feel like you’re constantly doing something wrong.
Truth is, most people don’t fully ‘understand’ all the inflation and interest rate stuff either they’re just figuring it out step by step. You’re not behind, you’re just in the learning phase.
That overwhelmed feeling and comparison with others can really mess with your head more than the actual money situation itself.
What steps have you to alleviate this? Do you have a budget? Is your asset allocation worrying you?
spend less money than you make and invest your savings
then there will be nothing to be stressed about
The truth of the matter is most people are struggling and there is no help coming
Put an emergency fund together, invest the rest of whatever you want and stop worrying.
You make do with what you can. If you can move to a cheaper area where you can make a living, that would be optimal
See if you could start up something on the side, some sort of business and you might be able to make more doing it.
People voted for the devil and are now surprised the world is on fire.
Wild.