Rising gas prices, falling home values, and headlines about a potential recession add extra tension.

However, this stress can be managed. Start by taking pause and do not panic. Here are some tips to help deal with stress about money and the economy:

• Pause but don’t panic. Its fine to pay attention to what’s happening to the state of the economy, but refrain from getting caught up in it, which can lead to high levels of anxiety and bad decision making.
  
  
• Identify your financial stressors and make a plan. Take stock of your finances and identify specific ways you can reduce expenses. Then commit to a plan and review it regularly. If you are having trouble paying bills, reach out for help by calling your bank, utilities or credit card company.
  
  
• Recognize how you deal with stress related to money. Many people relieve stress by turning to unhealthy activities like smoking, drinking, gambling or emotional eating. Stress can also lead to more conflict and arguments between partners. Be alert to these behaviors and if they are causing you trouble, consider getting help from a behavioral health provider.
  
  
• Turn these challenging times into opportunities for real growth and change. Times like these, offer the opportunity to take stock and identify healthy and inexpensive ways to deal with stress. Try taking a walk. Having dinner at home with your family may not only save you money, but help bring you closer together.
  
  
• Ask for professional support. Credit counseling services and financial planners are available to help you take control over your money situation.