{"id":1305,"date":"2017-03-29T11:10:37","date_gmt":"2017-03-29T09:10:37","guid":{"rendered":"https:\/\/www.namfisa.com.na\/educates\/?post_type=right_responsibility&p=1305"},"modified":"2025-07-17T12:06:46","modified_gmt":"2025-07-17T10:06:46","slug":"financial-stress-management","status":"publish","type":"post","link":"https:\/\/www.namfisa.com.na\/educates\/financial-stress-management\/","title":{"rendered":"Financial Stress Management"},"content":{"rendered":"\t\t
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Financial Stress: A Common but Silent Burden<\/h2><\/span><\/div>
Financial stress is one of the most common\nchallenges many of us face at times\nwithout even realising it. The continuous\nworry about your finances, the inability to\npay your bills, living from pay check to pay check and\nincurring a lot of debt in the process are some of the\nhardships many go through.\n<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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What is Financial Strees<\/h4><\/span><\/div>
Financial stress can be defined as the negative\nconsequences derived from the inability to meet\nfinancial demands, afford the necessities of life, and\nhave sufficient funds to make ends meet. This kind\nof stress can be caused by a lack of financial planning,\nlarge amount of debt you cannot pay off, living pay\ncheck to pay check, irresponsible spending or not\nprioritising your spending and inadequate savings. It\ncan also be caused by your expense being greater than\nyour income, unexpected expense that you could not\nforesee or loss of employment or income.\n<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Negative Impacts<\/h4><\/span><\/div>
Financial stress has so many negative impacts on\nalmost all areas of your life. On an individual level it\ncan cause emotional stress, namely fear, panic, anger,\nanxiety and in most cases depression, which at times\nleads to alcohol and drug abuse. Financial stress affects\nyour productivity at work as your main focus is on\nwhere you will get money to survive and not on your\nresponsibilities at work. It affects your relationships\nwith your partner or spouse causing more arguments\nand in some cases it also increases the risk of divorce\nand separation.\nThe financial stress experienced by parents has a\ndirect negative effect on their children. Children\nwhose parents are stressed tend to develop behavioural\nproblems, they have poor academic performance, their\naspirations and expectations of their life\u2019s is reduced,\nthey withdraw from social relationships they may also\nturn to drug and alcohol abuse. They may become\ndepressed and adopt the pessimistic outlook of their\nparents.<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Measures to Mitigate Financial Stress<\/h4><\/span><\/div>
Do not cripple yourself financially knowing you will\nhave to suffer the consequences in the end\n<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • <\/span>plan your finances<\/li>
  • <\/span>start with a budget and stick to it<\/li>
  • <\/span> start saving and make it a habit;<\/li>
  • <\/span>set up an emergency fund which you can use when unexpected expenses occur<\/li>
  • <\/span>start investing your money<\/li>
  • <\/span>find means of earning extra income<\/li>
  • <\/span>avoid borrowing by all means. It will only lead to more debt which you cannot pay off<\/li>
  • <\/span>pay your debit orders on time to avoid extra charges and fees.<\/li><\/ul><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Whether the stress is caused by something you\u2019re not prepared for, or because you\u2019ve made poor spending choices over the past few years, it is never too late to do something about it now. <\/h4><\/span><\/div>
    Financial Literacy Initiative (FLI) Public Talks<\/span>The Financial Literacy Initiative (FLI) is a national\nplatform mandated to educate the public on financial\nliteracy topics and financial wellness.\nOn a monthly basis, the FLI hosts public talks on various\nfinancial topics. The aim of the public talks is to\neducate the public on financial matters that affect their\ndaily lives, to engage them and to find possible solutions\nto the financial challenges individuals face.\nEvery month the FLI selects a financial topic for public\ndiscussion. This platform aims to create awareness on\nthe selected topic, to educate and to share experiences\nand best practices in the area of financial wellness. The\npublic talks are open to the general public and are always\nattended by a diverse group of participants.\nThe FLI has had two successful public talks thus far\nand plans to have many more. The first public talk took\nplace on 17 November 2015 under the topic: Budgeting\nand Savings 101, while the second public talk took\nplace on 21 January 2016 under the topic: Financial\nStress Management.\nThe public talks are an open platform where members\nof the public can come together, share and discuss their\ndifferent views, experiences and at the same time find\nsolutions to common financial challenges.\nBook your seat now for this month\u2019s public talk and\nenhance your financial literacy!\n

    \nContact us on: 061-2092297\/061-20\nInfo@fli-namibia.org\n<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

    Financial Stress: A Common but Silent Burden Financial stress is one of the most common challenges many of us face at times without even realising it. The continuous worry about<\/p>\n","protected":false},"author":1,"featured_media":1306,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":""},"categories":[425],"tags":[],"class_list":["post-1305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rights-and-responsibilities"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/comments?post=1305"}],"version-history":[{"count":7,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1305\/revisions"}],"predecessor-version":[{"id":35542,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/posts\/1305\/revisions\/35542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/media\/1306"}],"wp:attachment":[{"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/media?parent=1305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/categories?post=1305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.namfisa.com.na\/educates\/wp-json\/wp\/v2\/tags?post=1305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}