Cognitive Therapy

Financial Stress

You can’t buy sleep with money, or can you?

In an age of increasing financial focus and a huge amount of available material goods to purchase, people are reporting financial stress and trouble sleeping due to the stress. Personal bank accounts are slimming while the credit card debts are increasing. In any financially stressed situation there are resources that should be investigated such as unemployment insurance, consumer credit counseling, workshops on value, money and life energy, counseling for individual and/or couples, and more.

There are several factors at play in financial stress:

 

Sudden job loss

Within the context of insomnia, sudden job loss is seen as a short-term problem, in which a person will have trouble sleeping while first adjusting to the situation and gathering resources to find another job. The situation can become chronic and an on-going problem if the job situation is not resolved to the person’s satisfaction. The financial stress that goes along with a sudden job loss varies depending on how much a person has set aside for unexpected troubles.

 

Overspending

The pressure to spend money in this culture is almost irresistible. People are constantly bombarded with advertising which has as the sole purpose to create a desire and convince a person to buy. Many realize that it is impossible to quench the desire by buying more stuff. There appears to be a satisfaction curve in spending money in which a person’s happiness increases up to a point with each dollar spent. However, at a certain point, each dollar spent actually decreases that person’s happiness. The book “Your Money or Your Life” by Joe Dominquez and Vicki Robin is a good resource for reprogramming your own attitudes about your spending and money.

 

Poverty

Not having enough money to provide shelter and buy food and clothing is shown to be a major stress condition. There is no doubt and should be no shame attached to this as being a situation that will result in trouble sleeping and other stress-related responses. Whether there are actually things that you can do to gain control over your financial life is debatable. There are some who would argue that the illusion of being able to crawl out of poverty serves only to keep people within it, whereas there are others who will show that they have done so. It requires enormous drive and self-discipline to make oneself do without even further in order to get out of the poverty condition. Whether this is a fair request of people is a worthy question. There are a few people who are able to be satisfied even within a poverty situation, but it is usually done with some degree of choice. One cannot use Mother Theresa as an example of someone happy to live in poverty, her situation is totally by choice and even within it, she has been able to fly out and travel in ways totally unavailable to her patients.

 

Using money to satisfy non-monetary needs

What are you really trying to get by spending money? The sad scene for observers is to watch people who are rich still be unable to find peace, contentment, or happiness. The more they spend sometimes it seems the more desperate they become. Money, while being abundant has not quenched the inner yearnings for safety, love, and happiness. If your financial stress is related to soul-starving behaviors, you may want to investigate some other avenues that address deeper wisdom and deeper needs. Being gifted with lots of money is not necessarily a happy thing to the receiver.

Sleep Program Main Page

Sleep/Insomnia Program
Sarah Richards, MS
Counselor & Writer

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