Is Money Causing You Stress?

Jeff and Jeff review a BankRate.com survey (April 2023) about money and stress.

52% said money has a negative impact on their health and causes stress. 82% of the 52% say it’s economic factors (e.g., inflation, interest rates, etc.) that are causing their stress.

Middle generations are more stressed about money. Jeff Tomaneng attributes this to middle generations being homeowners and starting families.

Their advice for couples who are stressed about money is to:

- Construct a balance sheet and statement of cash flows

- If saving for high ticket expenses (e.g., college, etc.), cut down on expenses like dining out, etc. 

- Seek out the help of a financial planner. 

Recorded July 13, 2023.