Recovering Emotionally From a Financial Loss

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Everyone begins life with grand goals. Children plan what they want to be when they grow up, and many adults plan families, purchasing homes, and retirement. When a financial loss is experienced, all these goals could be jeopardized. The result is not only financial loss but also can lead to emotional devastation.

Recovering from a financial loss takes work and discipline. Budgets must be made and implemented. Sometimes, it means taking on a second job. But what about the emotional pain that comes with it? How do you deal with that?

Consequences of Financial Loss

If financial loss were only about the money, it wouldn’t be so devastating. A sudden drop in the savings account or investments can interrupt retirement plans. Instead of enjoying your senior years, you’re working and scrimping.