Taking Charge in Times of Financial Stress

If you're like most of us, you've probably taken a hit in the current financial crisis. But as with any crisis in life, (fire, flood or earthquake, serious illness, death of a loved one, loss of an important relationship, physical assualt, just to name a few of life's crises), there are better and worse ways to cope with it.

People who approach the crisis and the problems it brings as a challenge are so much better off than people who let themselves sink into endless rumination about how bad things are and--more importantly--how helpless they are.

The constructive, the healthy way to deal with trouble, is to figure out what options you have in the situation. Then, take charge of what is in your power to control. Obviously, you can't fix the market, or undo the housing crisis, but of the things that are impacting you, what CAN you do that is constructive? For one thing, not slipping into a state of endless rehearsal of your troubles is a good start. What other useful steps, big or small, are available to you? Do you need to consult with someone for advice? What can you do to keep yourself calm and clear headed?

A good piece of advice for any crisis is to take care of yourself. that means eat well, get enough sleep, exercise, don't abuse alcohol or drugs. People think better and cope better when they are in decent shape. Also, avoid any hasty decisions. Decisions made in a panic can do a lot of damage.

I'd like to hear from you. What are you doing that is helpful to you? As a group we can support one another in this stressful time. Jump in the discussion.

Best to everyone,
Marion Jacobs, Ph.D.