{"id":36,"date":"2022-07-21T12:17:55","date_gmt":"2022-07-21T12:17:55","guid":{"rendered":"https:\/\/smartmoneyeducation.com\/blog\/?p=36"},"modified":"2022-07-21T16:50:03","modified_gmt":"2022-07-21T16:50:03","slug":"5-steps-to-control-the-stress-and-overcome-the-crisis-during-pandemic","status":"publish","type":"post","link":"https:\/\/smartmoneyeducation.com\/blog\/5-steps-to-control-the-stress-and-overcome-the-crisis-during-pandemic\/","title":{"rendered":"5 steps to control the stress and overcome the crisis during pandemic."},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">1. <strong>Identify Stress Factors<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Make a list of your long-term and short-term financial goals and commitments.<\/li><li>Determine which factors are causing or may cause financial stress in the near future.<\/li><\/ul>\n\n\n\n<p>Stress-inducing factors include behavioral disorders, gaming &amp; internet addiction, alcohol and nicotine addiction, and others.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">2. <strong>Recognize the resources available to counter the stress Factors.<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>After you&#8217;ve meticulously listed all of the stress factors, decide which ones must be eliminated for the sake of the greater good.<\/li><li>Some of your financial stresses may be comparable to achieving positive long-term outcomes.<\/li><\/ul>\n\n\n\n<p>Now examine all the stress-reduction options available to you.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">3. <strong>Eliminate the unwanted &amp; retain manageable stress factors.<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Remove any unnecessary stress factors with care.<\/li><li>Keep those that can help you in the future, such as paying your insurance policy premiums.<\/li><\/ul>\n\n\n\n<p>Even if you feel compelled to break a FIXED account or stop paying Medical or Insurance premiums, do so only as a last resort.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">4. <strong>Reduce the Rigidity of your Budget.<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>Having a personal budget during the pandemic reduces the likelihood of people going into debt.<\/li><li>Long-term budgeting will allow us to plan for our income, resources, and expenses ahead of time.<\/li><\/ul>\n\n\n\n<p>Maintain a flexible and upbeat budget that does not become stressful to you.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5. <strong>Have as much Liquidity as you can<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>It is always preferable to have a sufficient amount of cash on hand during an emergency.<\/li><li>Even if you come across multiple alluring investment opportunities, keep a sufficient amount of cash on hand to get through a difficult period.<\/li><\/ul>\n\n\n\n<p>Make sure your emergency funds are easily accessible to your immediate family that can make all the difference between having one and none.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. Identify Stress Factors Make a list of your long-term and short-term financial goals and commitments. Determine which factors are causing or may cause financial stress in the near future. Stress-inducing factors include behavioral disorders, gaming &amp; internet addiction, alcohol and nicotine addiction, and others. 2. Recognize the resources available to counter the stress Factors&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":37,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-36","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-wellness"],"_links":{"self":[{"href":"https:\/\/smartmoneyeducation.com\/blog\/wp-json\/wp\/v2\/posts\/36","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smartmoneyeducation.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smartmoneyeducation.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smartmoneyeducation.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smartmoneyeducation.com\/blog\/wp-json\/wp\/v2\/comments?post=36"}],"version-history":[{"count":0,"href":"https:\/\/smartmoneyeducation.com\/blog\/wp-json\/wp\/v2\/posts\/36\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smartmoneyeducation.com\/blog\/wp-json\/wp\/v2\/media\/37"}],"wp:attachment":[{"href":"https:\/\/smartmoneyeducation.com\/blog\/wp-json\/wp\/v2\/media?parent=36"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smartmoneyeducation.com\/blog\/wp-json\/wp\/v2\/categories?post=36"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smartmoneyeducation.com\/blog\/wp-json\/wp\/v2\/tags?post=36"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}