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How to Cope With the Bad Economy

Four Tips For Coping With the Bad Economy

Like a kid watching a scary movie, sorting through the daily news lately is best done with one hand covering your eyes. Whether or not you've been directly affected by the economic crisis, like having a devalued investment portfolio, facing home foreclosure, or losing a job, being surrounded by negative news can take a toll on your nerves. As Joe Nocera of The New York Times puts it, "This crisis doesn’t wear you down over time. It hits you over the head with a two-by-four. On a daily basis."

It's important to understand what you can do to help yourself when it feels like everything around you is so uncertain, but at the same time it's necessary to recognize that you don't have control over what's happening on Wall Street and beyond. Here are some ideas to keep the news from getting under your skin so much that it makes you a nervous wreck.

  1. Get a grip on your finances: Knowing that you're doing everything you can to protect yourself will make you feel more secure.
  2. Bow out of unproductive economic conversations: Keep up with the news and become knowledgeable about the world around you, but know the economy doesn't need to be the focus of every waking minute. If you're caught in the middle of a conversation involving predictions for the future and start feeling overwhelmed, it's OK to excuse yourself. The fact remains that no one can predict the future, and someone with a dooms day outlook will only make you more aware of that and more uneasy. The same thing goes for turning off the TV when the experts begin talking in circles.

See two more tips when you

.

  1. Relinquish control by accepting the economy's ups and downs, but take control of yourself. Revisit your goals and establish a plan to accomplish them. Just because the economy seems to be falling apart doesn't mean you should give up on yourself — take whatever steps you can toward making your goals happen, even if the final result may not be realized for some time.
  2. Enjoy the cheaper things in life and remember that fresh air is free! Have fun doing things you might have skipped in a steadier economy, like going to the park more often, taking walks around the neighborhood, and enjoying local sightseeing.

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gabiushka gabiushka 8 years
God knows how much I hate people b--ing about the economy at dinner time!!!
LadyLiLa83 LadyLiLa83 8 years
#2 is the one I need to learn to do! I hate those people who have a constant negative outlook.
linditamaria linditamaria 8 years
i won't have a job at the end of october. i find myself stressed and almost depressed when i worry about not having another job lined up. i am grateful that i had enough sense to save when i DID have the money, and now i have 6 months salary saved. i'm really trying to stay positive!
psterling psterling 8 years
Now that I have a mortgage, my only fear is losing my job. Otherwise, we're equipped to deal with the bad economy just fine.
gemsera gemsera 8 years
I've found keeping busy is the best. At the moment im cataloguing the contents of the freezer so we know whats in there and where to find it as its awful to sift through three freezerfulls to find something ! I enjoy organising and it keeps my mind occupied. I'm also reminiscing about the times when I had not a dollar to my name and was happy, to remind myself I can get through anything :)
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