Our response to limit the spread of COVID-19 | Read here

How to manage financial stress and anxiety

Financial stress is one of the most common causes of divorce.  As bad as it might seem at times, there are things you can do to improve your financial situation and manage financial stress and anxiety.  Read on to find some ways you can take control of your financial situation, before it takes control of you.

1.  Get professional financial advice

You might think you can’t afford to get financial advice. But if you are under financial stress, you can’t afford not to.  When it comes to your health, if you had an issue, you’d see a doctor. If your car had issues, you’d go to a mechanic.  When you’re facing financial issues, see a financial advisor.  Whenever we are in the thick of a problem, it’s hard to find our own way out.  A financial advisor knows all the ins and outs when it comes to improving your financial situation.  They’re likely to find ways to help that you may not have considered or even know about, and as our financial situation improves, our stress levels decrease. Better yet, once you start to see any minor problems, nip them in the bud and see a financial advisor before they become any bigger.

2. Know where your money is going

While it’s tempting to stick your head in the sand when it comes to your finances, you need to know what the deal is. Until you sit down and work out where you’re leaking money, you can’t change your situation. Reviewing your finances so you know what’s coming in, as well as how much you’re spending in the different areas of your life, gives you a clear base to start from.  With this information, your financial advisor can help you create a plan based on your lifestyle, current needs and future goals, so you can get to where you want to be.

3. Set goals

Living without goals is like taking a road trip without a map –  you can’t expect to get where you’re going easily.  When you and your financial advisor are clear on your goals, it’s easier to create a solid plan for your finances.  Have you thought about when you want to retire? Maybe you want to buy your first home, an investment property or you’d like to plan for having a baby.  All of these things require money so being clear on what you want in your life will enable you to manage your finances so that you achieve them.

4. Stick to the plan

Having a financial plan for your future provides financial harmony.  You know that if you stick to it, you’ll achieve the lifestyle you desire.  However sometimes life doesn’t always go the way you want it to.  If you can make changes to your circumstances so that you can stick to your plan through life’s ups and downs, you’ll reach your goals faster. However if your situation has changed to the point where your plan is no longer manageable, speak with your advisor and have it adjusted accordingly.  You may find that with some small changes and a little flexibility, you’ll still be able to get to where you want to be.

You may also like

How to live off a single income

Whether you’re going on maternity leave, looking after elderly parents or pursuing your own business, a little bit of planning before dropping to a single income will go a long way. Here are some ideas to help make the transition smoother.

Read more

How to invest in property if you can’t afford a house

Owning a home is the great Australian dream. But what can you do if you can’t afford a house? Find out your investment options.

Read more
Talk to us


We’re so confident about creating value for you quickly, that we guarantee it with a 100% money-back guarantee.

Call us for a free strategy session

Arrange a call back

  • This field is for validation purposes and should be left unchanged.
Untitled-2 Untitled-2

Arrange a call back

  • This field is for validation purposes and should be left unchanged.

Our response to limit the spread of COVID-19

  • As COVID-19 continues to spread, we would like to take a moment to let you know what Financial Spectrum is doing to respond.

    While we haven’t been directly affected with any confirmed cases, we are taking all reasonable precautions to remain safe.Our priorities are:

    1. Keep our staff and clients safe
    2. Stay fully operational in our service delivery and continuing to manage your financial affairs
    3. Play our part in minimising the impact on our community against the spread of COVID-19

    Financial Spectrum has the technology, infrastructure and systems to continue business as usual remotely and our staff will now be working from home.

  • You should notice no change to our service, with the exception that we are encouraging our clients to meet via video call, rather than face to face, unless requested. We will be contacting all clients with meetings booked over the next two weeks with instructions for a video call.This is an evolving situation and we will continue to monitor developments. We will keep you informed of any material changes to our approach.

    These are unprecedented times and we understand that many of you will be feeling unsettled about your finances. We would like to assure you that we are open for business and are here to help you. If you don’t have a meeting booked but would like one, or if you have questions, please contact us at info@financialspectrum.com.au or on
    02 8238 0888

Brenton Tong

Managing Director

Google Review

Google Rating


Looking for something?