Don't Take Personal Finance Failures Too Hard

Money problems will always be money problems. Planning is a great way to resolve an issue. But don't be too hard on yourself if things don't go your way with your financial plans.

Sure, failing in your personal finance plan isn't the most rewarding or positively exhilarating phase in life. But like all cheesy meditational lines, it gives you the ability to step up and 'level-up' in your financial management.

According to a study published in the Scandinavian Journal of Psychology, having financial issues on your mind is stressful. But it also found it did not affect all that you have to do because of something called a "working memory."

Essentially, the research team came to the conclusion that worries about money don’t hamstring all of our mental processes, though it may feel like it, and that people with more financial trouble in their lives can perform better in certain cognition tests.

The British Psychological Society’s take on the study lays out an example:

A trucker is likely to rely much more on the relatively automatic and instinctive processes that make up safe, effective driving. This is not to make a facile argument such as “financial stress is good for the poor,” but rather to make the point that even if such stress does impede some parts of poorer people’s lives, in other capacities they will be able to operate strongly in spite of, or even in small part due to, this stress.

But it doesn't mean you have to stop thinking about your money. You have to stay afloat or else you may drown in debt as you go into the future.

It just means that the human body is resilient enough, according to research, to go and stop the impending doom of financial oceans. But like every failure -- and yet again, cheesy lines for recovery and self-help -- all you have to do is get up and pick yourself up and rebuild your ladders methodically and improving on the parts that failed you.