The financial downturn caused by the COVID-19 pandemic has been felt by literally all families. It is already a scary and stressful time for many reasons and if you still have to worry about how to survive financially as a family, the added stress may cause you to feel completely frustrated.
You might have suddenly found yourself without a job during the coronavirus pandemic and unlike other situations where a lay-off may have been somewhat expected, this economic crisis has come as a shock to many families.
Even though there aren’t many answers on when this will be all over, or what the future holds, I have put together some tips to help you navigate this crisis and financial strain better.
Don’t shy away from reality
A lot of anxiety is birthed because of the fear of the unknown and from not knowing what will happen with regard to the coronavirus, or how long the pandemic is here for.
If your family is becoming incessantly worried about money, learn to be objective. Learn to take stock of the resources you have left and create a lifestyle that fits what you have. The first tip to overcoming this financial anxiety is accepting that your life may be different for a while and focusing on areas you can control.
Also, give better attention to your strengths, capabilities and abilities and skills then, imagine yourself coping and adapting.
Now is the time to find more Sources of Income
The pandemic came as a shock and it still isn’t ascertained when it will come to an end or how long jobs will be affected. To be safe, you should begin looking for additional sources of income.
You can look for opportunities as a freelancer maximizing your hobby or talent. Whether you have video editing skills, administration skills, graphic design skills, or you’ve got some cooking skills, there are so many things to do to earn extra cash from home.
You can also look into online retailing, there are a thousand and one items you can sell online. With more expensive and slower shipping and with few physical stores open, people are more willing to pay for items they can’t easily have access to. This is the best time to declutter your closets, sort through old storage boxes, and get rid of any items that are good condition but which you don’t need anymore.
Increase your Physical Activity
“Training gives us an outlet for suppressed energies created by stress and thus tones the spirit just as exercise conditions the body.”
Research has proven that exercise is important to mental health. Exercise can boost your happiness and visibly reduce depression, frustration, anxiety, and other mental health issues that comes as a result of financial strain.
Swimming, cycling, running, simple endurance training exercises, and yoga are just a few ways to get more physically active. Please note that you should only exercise outdoors if there are safety measures in place. But if you can’t exercise outdoors, there are numerous physical activities that can be done in the comfort of your home.
Don’t carry it all alone
If you’re dealing with suppressed emotions, like frustration and unhappiness, please remember that you can talk to someone. You can choose to call your friend who is in a similar situation, or you reach out to a loved one to talk about your feelings and concerns. Believe me, emotional support goes a long way in helping you build strength during this difficult time.
Also, deliver rarely desist from making negative statements or catastrophic predictions and don’t entertain discussions with people who are solely negative vibes – these kinds of conversations will only fuel your anxiety.
During this state of emergency the country and world is experiencing, everyone is doing what they can you to get through. Work on balancing your time between figuring ways to solve your problems and managing how you feel about your situation. Managing your mental health may seem like a Herculean task right now but staying mentally fit is important to helping you get through this pandemic the best way you can.
Focus on the things you can control (like engaging in activities that can help you stay as healthy as possible) and commit less time to things you can’t control, like the economic strain the country is witnessing.