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Mindful about money

Fontein Coaching’s Cassandra Hogan teaches us to navigate mental wellbeing amid the cost-of-living crisis.

In the current landscape of economic uncertainty and the relentless rise in the cost of living, financial stress has become an unwelcome companion for many New Zealanders. It's essential to acknowledge that if you find yourself grappling with financial worries, you’re not alone.

The burden of money-related stress is pervasive, triggering emotions such as embarrassment, shame, anger and frustration.

This financial insecurity isn't confined to impacting our wallets alone; it seeps into our physical and mental wellbeing, disrupting essential aspects of our lives. Sleep patterns are interrupted, exercise routines are abandoned, and eating habits are compromised. The toll on mental health is profound, making it crucial to address these challenges with empathy and resilience.

To navigate through this difficult terrain, it's vital to recognise that there are resources available to support you.

One of the first steps towards managing financial stress is to open up to someone you trust, whether it's a friend, partner or a financial advisor. Sharing your concerns can alleviate the weight on your shoulders and provide a fresh perspective on potential solutions.

Taking control of your finances, even in the face of economic uncertainty, can be empowering. Implementing a household budget or a financial plan allows you to regain a sense of control.

If this seems overwhelming, online tools like sorted.org.nz/budgeting-tool can guide you step by step, helping you save as you go. Seeking professional advice from a financial advisor or debt consolidator can provide tailored solutions to your specific situation.

Simplifying and decluttering your life is another powerful strategy. Being mindful of where your money goes and making conscious choices can contribute to a more balanced and fulfilling lifestyle. Additionally, exploring opportunities to sell unused items online not only helps you declutter but also provides an extra source of income. You may also consider exploring additional income streams through freelance work or leveraging your skills, such as photography, to supplement your earnings.

Community support is invaluable during challenging times. Connect with your local community to share resources, organise swaps of services for goods, or coordinate work and school commutes to reduce travel costs.

Above all, prioritise your mental health. Physical activity is a potent antidote to stress. In the scenic beauty of New Zealand, taking a walk or engaging in outdoor activities can be a quick pick-me-up and refreshing break.

If you're struggling, consult with your doctor or GP for advice, or call 1737 anytime to connect with a trained counsellor. Remember, in the face of the cost-of-living crisis, there are avenues for support and strategies to enhance your mental wellbeing.

You are not alone on this journey.

Fonteincoaching.co.nz