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Self-Care & Money Management:

Updated: Apr 6, 2023

How Prioritizing Your Finances Impacts Your Mental, Emotional,

And Physical Well-Being

When you think of self-care, what pops into your mind? Maybe it's eating better, exercising, journaling, taking a bath, or treating yourself to a glass of wine. What if someone told you that one of the most overlooked forms of self-care doesn't have to do with your body but rather with your money? It's true! Managing your finances is one of the most effective and beneficial ways you can care for your mental, emotional, and physical health.

Over 340 million people worldwide are in some form of debt, with the average American owing a staggering $90,460. With that much money owed to creditors, it's no wonder that over 77% of people cite finances as a major contributor to feelings of anxiety. Let's take a closer look at the steps you can take to begin managing your money properly and utilize this beneficial form of self-care.

The Effects Of Money Stress

Before we begin, it's important to understand the negative effects stressing over money has on the mind and body. Worry, stress, and anxiety cause your adrenal glands to increase their cortisol production, signaling a fight or flight response. Over time, you may notice raised blood pressure, a decreased immune system, trouble sleeping, constipation, heartburn, and, more seriously, cardiovascular and pulmonary issues. You may also begin feeling burned out, sad, overwhelmed, and in some cases, depressed.

Ways To Combat Financial-Related Stress And Anxiety

When viewing the adverse effects of money stress on the mind and body, it's clear why managing your finances is an important form of self-care. Fortunately, there are some easy-to-implement tips you can begin using today to start getting your finances back on track.

Prioritize A Budget

Debt occurs when we live outside our means, either voluntarily (i.e., taking lavish vacations, buying unnecessary luxuries, etc.) or involuntarily (having to make an unexpected household, medical, or vehicle expense, for example.) Budgeting is the best way to ensure you don't overspend and give yourself some financial breathing room. Sit down and make a list of your monthly necessities, including food, bills, rent, and more. Then, list the "wants" like movie night, eating out, etc. Finally, add your savings and leave room for unexpected expenses. Using a budget planner printable from Pinterest or Etsy is a great way to get started!

Avoid Temptation

Advertisements for the latest and greatest gadgets or accessories are everywhere, making it hard for those seeking to keep to a budget. Avoid temptation by staying away from stores or websites where you tend to overspend and stick to carrying only cash when shopping. This simple step will help you avoid spending money you don't have!

Take Advantage Of Free Entertainment

Money management doesn't mean you have to give up having fun. There are tons of fun activities that don't cost a dime you can enjoy. Why not head to the beach, go for a hike, visit the library, or go to the park? Soon, you may find you don't miss overpriced activities at all.

Managing your money is an essential form of self-care and should be at the top of your priority list. With a bit of time and patience, you can become debt-free and discover the freedom and happiness that comes from living within your means!

For more information on living debt free, including credit counseling and financial resources, check out or for a free debt payment tracker to get you started on your financial goals.

Tonya Hand

Surging Vibrations Lifestyle LLC

Licensed Clinical Therapist and

Self-Care Life Coach

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