Managing stress when money is tight: small steps that help

Worrying about bills, school fees or rent is exhausting. Stress does not pay the bill, but a few steps can help you think more clearly.

Name the problem

Write down what you owe, what you earn and what is due soon. Looking at real numbers is often less frightening than imagining them.

Choose the next small step

You cannot solve everything today. Pick one action, such as listing your must-pay items, calling a creditor to explain, or selling something you no longer use.

Talk to people

• Speak to the person or company you owe before you miss a payment. Many are willing to discuss options.
• Tell a trusted friend or family member how you feel.
• Look for local community, religious or non-profit support if you need it.

Protect your decisions

When we are desperate, we are easier to trick. Avoid quick loans with unclear terms, "double your money" offers and anyone who asks for payment before helping you.

Look after your body

Try to sleep, eat regularly, drink water and walk if you can. Short breathing exercises or prayer can help calm a racing mind.

Build slowly

Even a very small saving, set aside regularly, gives you a sense of control. Over time it can become a cushion.

Get support

If you feel hopeless, or cannot cope, please speak to a health professional or a trusted person soon. You do not have to carry this alone.

Written by the EarnNaija team at EarnNaija Digital Technologies. This is general information, not financial or medical advice.

This article is general information, not financial or legal advice. Earnings are never guaranteed. See our fees page for the exact costs.