Money Helps Eliminate Financial Stress
Nick Loper is the creator of Side Hustle Nation, a site that showcases his successes and failures with side businesses as well as lessons from other entrepreneurs. He has found that money can buy happiness in more than one way.
“The first is the obvious: material comforts, food, shelter, entertainment, travel, etc. But the second way is maybe even more important, and that’s the mental anguish it helps dissolve,” Loper said. “If you have a healthy savings cushion, you live with far less financial anxiety than someone living paycheck to paycheck, because you know you can weather a job loss, a trip to the ER or unforeseen car repairs.”
According to a survey by the American Psychological Association, money is a major stressor in the lives of many Americans. In fact, 72 percent of respondents admitted to feeling stressed about finances in the past 30 days, while 22 percent had suffered extreme stress. With medical research connecting stress to a host of health problems ranging from headaches to insomnia, it’s no surprise that people with a financial cushion sleep easier.
Even if you don’t have the financial cushion you desire, you can have peace of mind in knowing that you can get a personal loan if you need help to afford life’s necessary expenses. Personal loans can be used to pay for medical expenses, car repairs, debt consolidation or any other financial need.
