Are money worries affecting your work?

According to new research by the Chartered Institute of Personnel Development (CIPD), a quarter of people (surveyed) have some level of money worries that is affecting their ability to do their job. Furthermore, the number of people affected rose to 31% for people aged between 18-34, and 32% of Londoners surveyed were experiencing the stress of worrying about money.

This is a problem that most of us have likely had at least once in our life, but there are things you can do to take back some control over your work and finances and lessen the money-related stress.

Concentrate on the important

First of all take stock of your finances. A lot of the stress is probably coming from not having a secure enough handle on your money; leading to a lot of wastage and worry by the end of the month. Create a short budget factoring in all your essential bills (like your rent, energy bills, food and travel costs), plus jot down what you spend frivolously (like coffee, new clothes and nights out). Once you have got up to speed on your sending you can take back some control through cutting down on the unnecessary spending and try to work on your bills so you are getting the cheapest possible rates. One thing you should always do is to make any debt payments on time. Not doing so is going to add extra stress and potentially increase the interest you owe, meaning you pay back far more than you should.

Need a new job?

Finding work is tough at the best of times, but the pressure is especially high when you need a job and money asap. Often getting a new job can take weeks (or even months in some cases), but there is a way that you can get hired in a few hours! Using the JobandTalent app, you can sign up, find job postings, apply directly, get hired and sign the contract without having to leave the app! Read more about it here. What’s even better is that you can use your Monese account details in the app too so you can get paid straight away – there’s no need to wait weeks before you can give your employer your bank details!

Make time for yourself

This one seems a little counterintuitive but hear me out – take some time in your day to de-stress and really switch off and you’ll quickly notice the benefits (especially when it comes to work and money). Give yourself a break, work is tiring and stressful enough without the added pressures of money worries thrown into the mix. By switching off for a while you allow your mind and body to deeply relax, meaning that you can have an invigorated work day, and be more productive, moving closer to your next promotion or new role (and more money!).

monese

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