5 Powerful Brain Hacks to Overcome Financial Stress and Improve Decision-Making in the Coming Year

As women, we often find ourselves juggling countless financial responsibilities, from budgeting and saving to investing and planning for the future. It's no secret that money worries can cause significant stress and affect our decision-making abilities.

In fact, studies have shown that many money decisions are rooted in emotions rather than pure logic.

Don't worry, because in the upcoming year, we can conquer financial stress and enhance our decision-making skills with impactful strategies. These practices will support you in finding stability when you feel overwhelmed on your financial journey.

Tuning into your body?and your money emotions is the essential first step.

Here are five brain hacks to help you make any money decision:

• Practice Mindful Breathing: In moments of financial stress, it's natural for our minds to become overwhelmed with thoughts and emotions. However, by practicing mindful breathing techniques such as deep belly breathing or the 4-7-8 technique, we can calm our minds and bring ourselves back to the present moment. This allows us to think more clearly and make rational decisions rather than acting on impulse or emotion.

• Take Breaks: When financial stress becomes overwhelming, it is crucial to take breaks. Allowing yourself some space to relax allows your nervous system to regulate and enables you to make more informed decisions. Whether it's a short stroll, a meditation session, or indulging in a beloved hobby, incorporating regular breaks into your routine can provide much-needed clarity amidst financial chaos.
• Knowing your numbers: is crucial for making sound financial decisions. Whether you prefer using an app like YNAB or a personal spreadsheet, one of the best ways to become more mindful of your money is to track your spending. When you track your spending, you'll be able to see where your money is going and whether or not your spending aligns with your values. This information can help you make adjustments to your spending habits.
• Money Dates. Begin by dedicating 15 minutes each week to reviewing your finances, setting goals, checking credit card statements, tracking your progress, and more. Utilize this time to celebrate your achievements, identify areas for improvement, and ensure that you are on track to fulfill your financial aspirations. Remember to promptly pay your bills. No matter your choice, these expert tips will assist you in creating a customized and enjoyable money date experience.
• Empowerment and Letting Go: Finally, it's important to embrace the idea that there are aspects of money that we can control and others that are beyond our reach. Focus on what you have the power to change, such as your spending habits, savings goals, and financial education. At the same time, learn to let go of external factors that are out of your control, such as market fluctuations or unexpected financial setbacks. By empowering yourself to take charge of what you can control and releasing the rest, you cultivate a more peaceful and empowering relationship with money.

Remember that your worth is not tied to your bank account, and seeking support from a financial advisor or therapist is always an option if needed.

Our minds possess immense power, and by utilizing effective techniques, we can channel that power toward attaining financial success. To further bolster your journey, explore beneficial financial self-care practices that will uplift your spirits and provide encouragement throughout 2024!

Access our free Financial Self-Care Guide for valuable insights.

Cheers to a year of financial success and stress-free decision-making. Keep thriving, ladies!

***Click the?Subscribe bell?icon to the right of my profile photo to receive a notification each time I post content.***

Sue Diamond, M.S.W, is a Certified Financial Social Worker, aka Money Coach, and Founder of The Herfinance Club and Money Mastery Academy. This virtual platform provides financial coaching and resources for women to secure their futures for years ahead.

Susan is the author of Smart Woman's Guide.?The Money Belief Formula: Mindset + Behavior = Financial Success.?She can be found at herfinanceclub.com. You can use her DIY Money Story Guide to gain insights into how your past experiences with money may influence your financial future, then explore Susan's book, 1-1 financial coaching and mentoring services, or money mastery program. To find out more about Susan, visit here!

Susan is on a mission?to?socialize the idea that it’s OK for women to talk candidly about money and?inspire ONE MILLION women to start the money conversation?with spouses, friends, or colleagues because when women are stronger financially, everyone’s better off.