Wall Street Worries: How to Deal with Financial Stress

By: Jessica Zartler Email
By: Jessica Zartler Email

All this attention on Wall Street and the economy may be affecting a lot more than your wallet, it may be going straight to your head.

11 News Reporter Jessica Zartler talked to a counselor who's seeing more people freaked out by their finances and explains how to deal with the stress.

You can't watch TV or log onto the internet without seeing something about "economic crisis" or a "meltdown on wall street," but Hayley Ybarra doesn't need to watch the news to know that times are tough.

"It's overwhelming, everything," Ybarra told 11 News on Monday.

With a two–week old baby, the single mom is feeling the stress.

"I try to watch a movie, not think about it, because I know she can sense it and she doesn't need that."

Ybarra is not alone, Inner Journey Counseling is seeing more and more clients complaining of anxiety and depression every time they look at their checkbook.

Licensed Counselor Lyn Taylor is trying to coach them through.

"It can really frustrate people, their feeling like they want to give up and why try because it doesn't matter, it's all piling up," Taylor told 11 News on Monday.

She says trying to stay positive is one of the best things you can do to battle stress and also recommends exercise.

"Take a step back, try some deep breathing, pay attention to your diet and spirituality. All of those things can help you deal with the stress head on."

If you're feeling like you can't do it on your own she recommends budget counseling or a non–profit consumer counselor.

"Help is out there. It's just a matter of finding it and getting to the right sources. I always say 'this too shall pass' things will work out," said Taylor.

And even though Ybarra feels bogged down with worries about little Ccalifornia's future, she's found help a little closer to home.

"Luckily my dad is helping me, I don't know what I'd do without him."

So every time she hears something bad about the economy or worries about her finances, she takes a deep breath, and keeps walking.

If you need counseling and are worried about money, Taylor says many providers offer sliding scale fees.

Check with your insurance provider or counseling agencies to see what you're eligible for.

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