Learn how to cope with financial stress and overcome negative beliefs about money
- Identify your money stories or ‘money scripts’
- Tweak your money script
- Set boundaries
- Give yourself some grace
The holiday season can be stressful, especially when it comes to finances. With the average American spending about $875 on holiday shopping, it can leave a serious dent in your wallet. Additionally, negative thoughts and fears about money can arise during this time, leading to overspending and anxiety. To conquer these challenges, experts recommend identifying your money stories or ‘money scripts’ and understanding how they shape your financial behaviors. By tweaking your money script and reframing negative beliefs, you can make a powerful shift in your mindset. Setting boundaries with yourself and others, such as creating a budget and having open conversations about gift-giving, can also help alleviate financial stress. Lastly, it’s important to give yourself some grace and find alternative ways to show appreciation without spending a lot of money. Remember, the holiday season doesn’t have to be a time of financial burden, but rather an opportunity for personal growth and meaningful connections.
Public Companies:
Private Companies: undefined
Key People: Joyce Marter (LCPC, financial therapist and author), Brad Klontz (financial psychologist), Brandon Goldstein (financial planner with Prudential Financial)
Factuality Level: 7
Justification: The article provides advice and tips on how to manage finances and reduce stress during the holiday season. While it includes some personal perspectives and anecdotes, it does not contain misleading information or fallacies. The information provided is generally accurate and objective, although it could benefit from more in-depth research and analysis.
Noise Level: 3
Justification: The article provides some useful tips for managing finances during the holiday season, but it contains a lot of filler content and repetitive information. It also reinforces the popular narrative that the holiday season is stressful for finances without questioning it or providing a deeper analysis.
Financial Relevance: Yes
Financial Markets Impacted: No
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the financial aspects of the holiday season and provides tips for managing finances during this time. However, it does not pertain to any specific financial markets or companies. There is no mention of an extreme event.
www.marketwatch.com 
