Financial anxiety, 7 tips to manage it in the best way

Among the most common factors that generate concerns, undoubtedly those related to our assets, savings and any unexpected events that could put us in economic difficulties are listed. On the subject, in fact, is a report by Global Financial Literacy Excellence Center of George Washington University e FINRA Investor Education Foundation, to reveal that 60% of the sample interviewed said of feel anxious if you think about your financial situation: of these, more than 6 out of 10 women – 65% – said they felt this sensation and among worried men, on the other hand, the percentage drops to 54%.

Not surprisingly, that of money management has always been a delicate and not easy to explain issue. From the fear that savings may not be enough to overcome any unforeseen events without problems, to the anxiety that new investments will not make the success we desire, thefinancial anxiety seems more prevalent than you think and to motivate it, in fact, there would be little knowledge on the subject: however, the younger ones seem to have a greater propensity to optimize finances. It is an investigation conducted by OnePoll on behalf of Bitpanda, a European digital investment platform, to reveal that 66% of the sample would start invest to add additional financial income salary received normally and it is above all young people who are more inclined to this activity: interest, in fact, would seem to decrease after the age of 44, settling at 55% for those over 55 against the 67.5% of Millennials – up to 34 years old – and Generation Z – from 18 to 24 years old.

“Contrary to what one might imagine, our survey shows that not only Italians are potentially very open to the world of investments, they also have a great desire to take control of their financial life” he explains Orlando Merone, Country Manager of Bitpanda, and continues «This trend is often slowed down by two macro factors: the fear and the lack of skills. The first step in breaking down these barriers is to ensure the maximum operational transparency and provide tools that allow you to invest even small amounts of money. Secondly, and this is probably the most challenging aspect, it is necessary spreading a greater financial culture in the country, through educational courses that, from school age, can increase basic skills, and not only in economics courses “.

The study analyzed the reasons that would keep Italians away from investments: 52% of those who have never made any investments fear that it may lose his savings while a slightly lower percentage – 43% – would avoid such operations for do not run into online scamsFurthermore, among other things, the survey reveals that in the event of a loss, only 41% would have enough money to cover ordinary expenses.

“The average user of our platform is young and we believe this is the sign that the new generations, and in particular those who have found themselves graduating or approaching the world of work in the midst of a global pandemic, have begun to expand their tools available for managing one’s finances. My advice for those who feel anxious when thinking about their financial situation and want to start investing is first of all one: understand if betting on a particular asset is really a good strategy For themselves. Just because other people are making money that way doesn’t mean it will automatically work for someone else too. Need inquire about the markets, look at available resources, identify a strategy and test it first with a small amount of money and then determine if it is something worth committing to. Nobody should tell us how to invest, we should be free to decide for ourselves, but with awareness»Concludes Merone.

From the clear awareness of our daily habits to the first investments: if you want to know more about the subject, you will find in the gallery 7 tips on how to reduce financial anxiety provided by Bitpanda, to experience a more peaceful relationship with our savings.