Time and money are some of the most valuable commodities that you can possess. Depending on how you use them, it can have a direct impact on your feelings and emotions in positive and negative ways. Learning how to be wiser with how you spend them can have a significant benefit on your emotional well-being, and these two aspects can often influence each other – time is money, after all. In this article, you will learn how time and money can correlate with your mental health and why they should be managed carefully.
Why Time-Management Is Essential
Everyone can benefit from managing their time better, but a lot of people who struggle with chronic anxiety or depression may see the most improvements by doing so.
You’ve probably had the feeling that there simply aren’t enough hours in a day to handle all of the responsibilities you need to do, and this leads to feeling overwhelmed.
People who are stressed out the most are constantly under this kind of pressure due to the daily tasks that they need to carry out; however, the problem isn’t necessarily the number of hours in the day, instead, it’s how their time is being allocated and used.
For instance, there are people who stay up too late and pay the price the next day by either being too tired or oversleeping and running late to their jobs, and those who procrastinate on school assignments and other work to do things that are more favorable (i.e., entertainment). You also have individuals who struggle to find time to enjoy themselves and spend more time with their friends and family or making time for their hobbies because of their other obligations.
Scheduling, making priorities, and setting boundaries for yourself are all valuable time-management skills that you can learn, and by using your time more efficiently, you can be productive and have time for things that matter most to you, such as social interaction, hobbies, and other forms of self-care. All of these can be practiced on your own or with the assistance of a professional, such as the ones found at BetterHelp.
Those who sacrifice one aspect for another may notice that their mental health starts to decline, but if you get the important and urgent tasks out of the way first, through prioritization, you’ll be able to de-stress and find a balance of things that can positively affect your mental health.
Paying Attention To Your Money
Finances are a common concern for most people, but those who don’t spend their money as wisely as they should or pay attention to it are more likely to have financial troubles that can without a doubt, create chronic stress.
In fact, according to the American Psychological Association, more than 70 percent of Americans mentioned feeling stressed the previous month a survey was taken.
When people have long-term problems with money, such as crippling debt, the stress can not only affect their mental health, but their physical as well.
Even if you aren’t in debt, though, anyone can still benefit from learning how to budget and spend smarter.
Activities like dining out or fast food, going out for entertainment, automatic subscriptions, and online shopping are just a few examples of things that can quickly add up. They may be good once in a while, but if you find yourself habitually spending, you might be making life harder for you, financially.
Cutting back on unnecessary spending can give you more leeway to pay for more important or long-term goals, such as paying off your credit cards, affording a down payment on a car or house, or even treating yourself to a vacation. These things can be more beneficial to your well-being in the long-run rather than the short-term satisfaction that you might be receiving from the smaller purchases that gradually eat away at your resources.
Time and money can certainly play a factor in your happiness, despite what the old sayings tell you. By managing your time more effectively, you can also give yourself more opportunities to earn more money, and this can open up more doors in your life; having the time and resources to do things you personally enjoy doing will make life more fulfilling and stress-free.
Marie Miguel Biography
Marie Miguel has been a writing and research expert for nearly a decade, covering a variety of health- related topics. Currently, she is contributing to the expansion and growth of a free online mental health resource with BetterHelp.com. With an interest and dedication to addressing stigmas associated with mental health, she continues to specifically target subjects related to anxiety and depression.