I was recently asked to comment on some new research by Everyman about the stressors in life. The reason it got to me was that Terri Bodell, Deputy Chairman of the National Association of Counsellors, Hypnotherapists and psychotherapists, noted “money and work are often the two primary factors for stress.” I was asked to comment for the BPS website.
According to the Everyman research, the average British adult spends approximately 36 minutes a day worrying, with monetary concerns the main driver of this.
On the BPS site (as above) I made the point that people identify with their job. If you meet somebody, the first question is often, “what do you do”? People say, “I am an X”, not “I work as an X”. News reports about job losses say “hundreds of workers made redundant”. They mean that jobs are redundant – the work isn’t needed any more. But if you say to the workers, “you aren’t redundant, your job is”, you’ll probably get a reply that, more bluntly, says – “it doesn’t matter about semantics, I’ve been made redundant”. If you are your job and your job is, or is likely to, be taken away, where does that leave you? If you are “redundant”, what value do you have, might you simply cease to exist? Naturally enough, people are anxious about that
And where do most people get most of their income? Their job (or business for the self-employed). If there are job losses, what does that say about the prospects of pay rises, dividend increases, secure income streams? What does it promise in terms of uncertainty, pay cuts or freezes, economies, short-time working, maybe redundancy and no job prospects? And what do the economic headlines suggest about council tax bills, energy prices, fuel prices etc. that are driving the problems. ? Incomes static or shrinking, expenses rising, how does that strike you?
The surprising thing to me is that people only worry for about half an hour a day about it. Given that it is an average, I would have expected a few hours – largely because most people don’t really know how to manage their money, their thinking about life or their thinking about money particularly well.
That is very much what this site, and the book are about. Getting control of the way you think about your money and your life, so you can enjoy your life – whatever money you have.
Everything you ever wanted to know about money but were afraid to ask! How do you get control of it, when do you look for help with it, what do you tell your partner and children about it and why is there too much month at the end of it! Anybody who wants to get some answers needs to read this book.