Here are some specific types of reframing that can be very useful in getting through a financial crisis:
- If you’re feeling that your financial crisis is a form of personal failure, remind yourself that many, many people are in this situation as well. The situation itself is not a failure on your part, and working through it only demonstrates your strength.
- If you’re concerned about the impact on your family, remind yourself that families can grow stronger and closer when they weather challenges together, and that this experience (although you may not have willingly chosen it) can make your family stronger, too.
- If you’re stressed about the uncertainty of the future, remind yourself that these changes also bring opportunity; down the road, you may find yourself in an even better place. Even if you don’t have more money, you may have more happiness.
Another way to reframe a situation is to take a break from it, and return later with a more relaxed attitude and a fresh perspective. Many people don't know how to 'take a break' from stressful thoughts, especially when stressing about finances. They tend to ruminate and remain stressed. Spending more time doing fun activities with family and friends, enjoying hobbies, or even simply watching comedies on t.v. can get you into a better frame of mind. These activity-oriented reframing techniques, as well as the mental reframing techniques mentioned, could lead to less stress and an "upward spiral," rather than a downward one.
Find more techniques for dealing with a financial crisis on page 3.