Recession Fears

Your Career Coach Recession Fears Dear Michele, I’m getting really freaked out by the economy. It seems like everything’s getting more expensive, and I’ll bet I’m not going to get a raise this year. I might even get fired. Is there anything I can do to stop stressing? – Worried in Wichita Dear Worried, I […]

Your Career Coach

Recession Fears

Dear Michele,

I’m getting really freaked out by the economy. It seems like everything’s getting more expensive, and I’ll bet I’m not going to get a raise this year. I might even get fired. Is there anything I can do to stop stressing?

– Worried in Wichita

Dear Worried,

I hear you. When you watch TV or read the papers, all you see is rising gas prices, rising food costs, falling home values, doom and gloom. You think everyone in the world will soon be standing in a soup line. But you may be in okay shape. It’s time to take a hard look at your own finances, not the finances of the people on TV. Get bank statements for your checking account and look over the past three months – where did you spend your money? See any patterns? Are you running a deficit or a surplus? If it’s a surplus, good for you. Keep up what you’re doing. If it’s a deficit, notice how much you spend for coffee or eating out or buying clothes. Then think for a second: Can you reallocate those funds to pay for higher gas costs? Can you shift some of your spending to support your biggest priorities? Sometimes all it takes to combat stress is knowing the truth about what’s going on, and then making positive steps to take care of yourself.


follow BettyConfidential on... Pinterest


Read More About...
Related Articles...

Leave a Reply

top of page jump to top