Coping with Financial Anxiety before Retirement

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Most people have experienced financial anxiety at some point during their life. In fact, financial worries may be one of the biggest sources of anxiety in adults. Debt, especially, can be a major cause of worry and strife.

If you want to reduce your chances of feeling burdened by financial worries, it is important to plan carefully and stick to a realistic budget.

A few of the reasons we fall into debt in the first place are failing to create a budget and adhere to it, buying things we really don’t need, and taking out loans with high interest rates. Loans are typically used to pay for education, houses, cars, or medical expenses. Unfortunately, the necessity of having some of these things makes taking out a loan inevitable for many adults.

An article from U.S.News & World describes how retiring can change many aspects of your life. It covers some of the social, emotional and financial issues that may arise for you once you have retired.

The article also provides some practical advice for dealing with the many significant lifestyle changes that come with retirement. Tips for personal growth, financial stability, and physical and emotional health are included in the piece.

To find out what you can do to make retirement less stressful, follow the link to the original article.

http://money.usnews.com/money/personal-finance/articles/2013/02/22/cures-for-pre-retirement-anxiety

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