Weathering the storm: practical ways to manage anxiety and depression during economic uncertainty

Have you been feeling extra stressed out recently? It’s no wonder with the state of the world and now the economy. Living in a time of economic uncertainty can be stressful, causing anxiety and depression. Maybe it’s all the grey rainy days we’ve been getting where I live, but I’ve been feeling it big time! With financial stressors such as mass layoffs, pay cuts, and rising costs of living, it’s no surprise that many individuals are experiencing mental health struggles. However, it’s essential to recognize that you’re not alone in this, and there are various ways to cope with anxiety and depression during these turbulent times.

I won’t pretend I’ve been all sunshine and rainbows over here, but these are a few tactics I’ve used to help me manage my anxiety and depression recently:

Practice self-care

I know- this is kind of cliché, but it’s valid anyway. Self-care is critical when it comes to managing anxiety and depression. It’s essential to prioritize activities that make you feel relaxed and at ease. Simple things like taking a hot bath, taking time with a skincare routine, reading a book, or spending time in nature can help reduce stress and improve your mood. Make sure to give yourself permission to take time for yourself and do things that bring you joy, or that just help you feel human.

Focus on what you can control

During times of economic uncertainty, it’s easy to become overwhelmed by negative news and fear of the future. There is a lot going on that you can’t control and a lot to worry about. However, it’s essential to maintain perspective and focus on the present moment. Remind yourself of past challenges you have overcome and the positive aspects of your life. Practice gratitude and focus on what you can control rather than what you cannot. Keeping things in perspective can help you stay grounded and reduce feelings of anxiety and depression.

Visit with loved ones

We’re all busy, and finding the time to even just grab coffee with a friend can be challenging, but connecting with friends (or family) can be a powerful tool in managing anxiety and depression. Sharing your feelings with someone can help you feel less alone and provide a new perspective on the situation, or even forgetting about life for a while and talking about sports or upcoming plans can be a huge relief from your day-to-day worries. Humans are social creatures (something I have to remind myself of often- being an introvert) and we ultimately thrive when we have the support of a community.

Review your finances

Financial stress can be a significant trigger for anxiety and depression. Therefore, managing your finances is crucial during times of economic uncertainty. Create a budget, cut back on unnecessary expenses, boost your savings, and consider seeking financial advice. Knowing where your money is going can help you feel more in control and reduce financial worries. Have emergency plans in place so you know what you can do if you run into economic issues (like getting laid off).

Practice mindfulness

Mindfulness practices, such as creating art, meditating, and deep breathing exercises, can help reduce stress and improve mental well-being. These practices can help you focus on the present moment, reduce anxious thoughts, and improve overall mood. Consider incorporating mindfulness practices into your daily routine to help manage anxiety and depression. Healthline has a great article that offers a huge list of mindfulness activities you can try to get started.

Stay active

Ok, I’m personally terrible at this one, but I’ve found it to be super true when I can get myself to do it. Physical activity is a proven way to manage anxiety and depression. Exercise releases endorphins, which are natural mood boosters. Find an activity that you enjoy, such as swimming, yoga, or dancing, and make it a part of your daily routine. Even short bouts of physical activity can be beneficial in reducing anxiety and depression. I try to focus on something I genuinely love to do (yoga) not something I wish I loved to do (running).

Seek professional help

If your anxiety and depression are interfering with your daily life, it’s essential to seek professional help. I’ve done so myself and it was a life-changer. A mental health professional can help you develop coping strategies and provide support during these difficult and unpredictible times. Don’t hesitate to reach out to a therapist, counselor, or even your GP for help.

Economic uncertainty can be challenging, but it’s absolutely crucial to prioritize your mental health during these times. Your health is the most important asset you have, so take good care of it. Remember, you’re not alone, and there are many resources available to help you cope with anxiety and depression.