Financial stress can impact mental health in a detrimental way, including by causing or worsening anxiety. Studies show this is the case when financial stress is objective, such as when finances are strained due to low income or high debt payments, or subjective, such as when someone perceives their financial situation to be scary.

Some interesting stats:

Gen Z are more likely than others to feel regularly stressed about money. Sixty-two percent say they're stressed more than three days a week and 20% say they feel financial anxiety every day.

Millennials and Gen X are also regularly stressed about their finances: 58% and 61% respectively experience anxiety about their finances at least three days a week. Nineteen percent of Gen X respondents and 14% of millennials reported feeling stressed about money every day.

Baby boomer respondents reported the least financial stress. Just 9% said they feel financial anxiety every day and only 44% feel anxious about money three or more times a week.

That's some serious focus.

Whatever your reason for wanting to change your financial situation or habits, we've got some simple strategies for you to get started today!

Here’s Ways You Can Easily Start to Take Control of Your Financial Life

1. Check Your Bank Statements Weekly
   Keep an eye on your account activity each week, especially if you tend to overspend or avoid checking your balances. This keeps you on track and helps prevent financial surprises.

And trust me, it's worth it—whether it’s catching a duplicate charge or reminding yourself of that dinner a friend still owes you for. Small details matter, and staying aware is the first step toward financial control.

Have you checked out my finance tracker that you can use from your phone or computer to help you spot the trends? Download Your Finance Tracker NOW!

2. Review and Cancel Unused Subscriptions
Automatic payments can save you from late fees, but they can also lead to forgotten subscriptions draining your account. Did you forget to cancel that free trial? Are you still paying for something you no longer use?

Make it a habit to review your subscriptions weekly, and if something isn’t worth it, cancel it!

3. Return or Sell Unused Items
How many items in your closet have barely been worn, or maybe never used at all? We all buy things thinking they’re a great idea, only to let them collect dust.

Take some time to declutter and sell or return things you don’t use. Whether it’s clothing or hobby gear, you can potentially recover some of your money. Consider reselling online or to a consignment shop.

4. Align Your Financial Goals with Your Values
Think about your top three to five core values, like security, freedom, adventure, or fun. Then, set financial goals that align with them. If you value security, focus on saving for retirement. If fun is important, maybe you’re saving for a special experience with a friend.

When your financial goals match your values, sticking to your plan becomes easier—and even enjoyable.

5. Host a Money Party
Invite friends over for a “money party,” start a finance book club, or binge-watch financial education videos together.

It might sound nerdy, but having a supportive community makes learning and sticking to new habits easier. Plus, it’s a great way to help each other level up in financial literacy. 

Or simply be willing to have these tough conversations with people you trust and respect.

6. Contribute to Your Retirement Monthly
It’s easy to feel like retirement is too far away to worry about, but the earlier you start saving, the more your money can grow. Even small monthly contributions now are better than waiting to invest larger amounts later. Get started with what you have.

7. Discuss a Raise or Promotion with Your Boss
If you haven’t had a raise or promotion in a while, it’s time to initiate that conversation. Unsure how to start? There are tips and resources to help. And if you’re self-employed, don’t hesitate to give yourself a raise. 

8. Use Your PTO
People tend to take fewer vacation days. Many leave paid time off unused, resulting in lost benefits.

Taking time off isn’t just good for your mental health—it can lead to better job satisfaction and stronger relationships. So go ahead, use your PTO. We can't understate how important it is to feel good.

9. Donate to a Cause You Care About
One of the best things about having money is the ability to support causes and organizations that matter to you. Even small donations can make a difference, and studies show that giving can boost your own happiness and life satisfaction. Don’t forget these also provide you with a tax benefit while doing good!

Pick a cause you care about and contribute this week, even if it’s just $10.

10. Invest in Financial Education
Understanding personal finance builds confidence in your decision-making. When you know the right steps, you’ll feel empowered to take action and proud of the progress you’re making.

Here are some ways to invest in your financial knowledge:

• Subscribe to financial education channels or newsletters for free tips and advice.
• Consider a comprehensive financial program to help you take control of your money and achieve long-term goals.
• Register for Early Access to our Empowering Value App, it is free and will give you access to financial wellness tidbits and partnerships to help you achieve your finance goals! Sign Up to Be Early Subscribers!

Managing your finances is an essential part of our overall wellness. If you need help building a weekly routine, download our free money ritual checklist, and remember—taking care of your money is an act of self-love. Dedicate an hour this week to focus on your finances!

Managing your finances as one of the most crucial forms of taking control of your life.

Why? Because financial stability lays the groundwork for overall well-being.

Having control of your money brings peace of mind, lowers stress, and unlocks the potential for personal growth and fulfillment.

When you’re financially secure, you can make choices that support your health, relationships, and long-term dreams, rather than feeling held back by financial pressures.

So, are you ready to take charge of your financial life?

Take Me To The Checklist Quick!