How Your Finances Impact Your Health

Do you find yourself worrying about money?

Is stressing about finances keeping you awake at night or causing you to feel like the future is even more uncertain?

Financial Worry Can Hurt Your Health

Worrying about money can negatively impact your health. People who stress over financial matters report a higher number of headaches or migraines and ulcers than those who have fewer financial concerns. Depression and muscle tension can also be connected to financial stress.

An Exercise for Financial Worry Warts

Here’s a suggestion for an exercise you can try for the next week. Each morning, sit down for 15 minutes to do absolutely nothing except worry about your finances. Give it your greatest effort and spend the time worrying as much as you possibly can, and get it over with. Then go on with your day free of financial worry since you’ve already gotten it accomplished.

If you continue this exercise for a week or two, you’ll probably find that spending your time anguishing about financial concerns doesn’t actually change anything. After all, worrying only causes you to feel stressed. Nothing about your financial situation will change unless you choose to take action.

On the Bright Side

A recent Gallup poll found that approximately 66% of Americans are concerned that they will lack enough money for retirement. Medical costs and maintaining standard of living were also major concerns shown in the poll.

Research has shown that individuals who take initiative in planning and educating themselves about their finances tend to feel less concerned about their future finances and therefore experience fewer health concerns related to worrying about money. One of the principal aspects of retirement planning might be a proper financial strategy for investments and savings that could fund your lifestyle for a significant amount of time. Along with that, people tend to include the cost of senior assisted living in their retirement plans. In other words, a well-formulated scheme might be essential for an individual before he or she will reach the retirement age.

Reach out

Whether your financial concerns center around investments, paying for college, buying a house, or simply making sure you are prepared for retirement, the professionals at Baker Wealth Management can help you make sound financial decisions and stop stressing instead of sleeping. We understand the ins and outs of finances and can assist you with reaching the financial results you’re looking for. Our team has been serving the greater Evansville area for nearly thirty years. Call Baker Wealth Management at 1-866-244-3517 today to take the first step toward no more financial worry keeping you up at night.