From the course: Financial Wellness: Managing Personal Cash Flow
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Understanding stress and money
From the course: Financial Wellness: Managing Personal Cash Flow
Understanding stress and money
- When your financial life is in balance, it doesn't necessarily mean that everything is perfect. But there's an overall sense of harmony in those areas of life where money provides meaning. And there's a system to meet your everyday needs and long-term goals. You may not have a string of fat zeros on all of your accounts, but you do have a plan. And your choices are in alignment with that plan. But let's say that that's not the case. When money is out of balance, the way that we first notice that is an emotional cue. We feel stressed. Stress is uncomfortable and unpleasant, and that's the point. Its job is to get us to wake up and identify what needs to be addressed. In fact, most of us want to do that as quickly as possible so that the stress will go away. Enter system one, our fast and automatic system, which jumps in to provide an interpretation of events and tell us what we should do. Sometimes it's accurate, but…
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