Money Makes Me Nervous: Tips on Getting Financially Fit

Written By Raquel Nixon, Contributing Writer


About 85% of American’s have admitted to feeling some sort of financial anxiety (1). Financial anxiety can have drastic effects on a person’s health and well-being. It’s a common misconception that financial stability and freedom depend on how much money you make. While that may be true to a certain extent as we need enough money to make ends meet, it isn’t the whole truth. Financial freedom can be achieved whether you make six-figures or not. The key is to know how to manage your money: financial literacy.

The great thing about the time that we now live in is how accessible information is. Granted, you should be wary of what information you take to heart, but there are countless accredited sources where you can find classes, courses, tips and skills. You can listen to podcasts, read personal finance books, utilize social media accounts that are dedicated to financial education, and the list goes on and on!

Here are some tips to get you started on your journey towards financial freedom:

  • The 50/30/20 Rule – This rule is one of the most common financial tips.  The idea is that 50% of your income goes towards necessities like rent, bills, and food. 30% is for spending, whether it’s shopping, eating out, or other extras.  It is up to you to decide what to spend it on. The last 20% goes towards your financial obligations like savings, paying off debt, retirement, etc. (2) . 
  • Track Your Spending – It’s important to know just how much you spend a month. By seeing where your money is going you’ll have a better idea of how to manage it.
  • Understand Credit vs. Debit – It’s nearly impossible to go without credit these days. You need credit in order to make large purchases like buying a car or a house, so It’s important to understand it. Here is a good place to start:
  • Set a Budget – Control your flow of money. Budgeting is one of the best ways to help save money. 
  • Find an Educational Source that Works for You – It may be a podcast, a book, an online course, or in a class, but there’s something for everyone. It’s never too late to take control of your finances!


(1)Money Goody. (2020, April 07). 81 Personal Finance Tips Every Young Adult Should Live By. Retrieved January 23, 2021, from

(2) Financial Literacy. (n.d.). Retrieved January 23, 2021, from

Published by Counseling With Leslie

Leslie Stevens, M.Ed., LCMHC is a North Carolina and Virginia board-certified licensed professional counselor. She co-owns a successful practice in Carrboro, North Carolina. Leslie specializes in helping adults navigate stress, depression, anxiety, and perfectionism. Additionally, she is a life strategist, spiritual coach, and writer.

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