How to Manage Money Loss? Feeling Stressed | My Fit Brain

Neha Mehta

27 Nov 2020
How to Manage Money Loss? Feeling Stressed

“Life is complex. Money loss is a materialistic loss but mental health loss is a life-time loss".

Here are some things to consider if you've faced a sudden large financial loss.

  1. Don't make any sudden financial moves.
  2. Change your mindset and reduce your lifestyle.
  3. Look for additional sources of income.
  4. Talk about it with your loved ones.
  5. Focus on the present and stop worrying about the future.

Most people grieve when they lose something or someone important to them. The way grief affects you depends on lots of things, including what kind of loss you have suffered, your upbringing, your beliefs or religion, your age, your relationships, and your physical and mental health.

How Does Grief Affect You?

People react in different ways to lose. Anxiety and helplessness often come first. Anger is also common, including feeling angry at someone who has died for "leaving you behind". Sadness often comes later. Feelings like these are a natural part of the grieving process. Knowing that they are common may help them seem more normal. It's also important to know that they will pass. Some people take a lot longer than others to recover. Some need help from a counselor or therapist or their GP. But you will eventually come to terms with your loss, and the intense feelings will subside.

How to Cope with Grief and Loss

There's no instant fix. You might feel affected every day for about a year to 18 months after a major loss. But after this time the grief is less likely to be at the forefront of your mind. There are practical things you can do to get through a time of bereavement or loss.


Keep your routine up. Keeping up simple things like walking the dog can help.

Sleep. Emotional strain can make you very tired. If you're having trouble sleeping, see your GP.

Eat healthily. A healthy, well-balanced diet will help you cope.

Avoid things that "numb" the pain, such as alcohol. It will make you feel worse once the numbness wears off.

Go to counseling if it feels right for you – but perhaps not straight away. Counseling may be more useful after a couple of weeks or months. Only you will know when you're ready.

What Is The Type of Financial Losses?

Types of risk

Asset-backed risk.

Credit risk.

Foreign investment risk.

Liquidity risk.

Market risk.

Operational risk.

Other risks.

Model risk.

Market Risk:

This type of risk arises due to the movement in the prices of financial instruments. Market risk can be classified as Directional Risk and Non - Directional Risk. Directional risk is caused due to movement in stock price, interest rates, and more. Non- Directional risk, on the other hand, can be volatility risks.

Credit Risk:

This type of risk arises when one fails to fulfill their obligations towards their counterparties. Credit risk can be classified into Sovereign Risk and Settlement Risk. Sovereign risk usually arises due to difficult foreign exchange policies. Settlement risk, on the other hand, arises when one party makes the payment while the other party fails to fulfill the obligations.

Liquidity Risk:

This type of risk arises out of the inability to execute transactions. Liquidity risk can be classified into Asset Liquidity Risk and Funding Liquidity Risk. Asset Liquidity risk arises either due to insufficient buyers or insufficient sellers against sell orders and buy orders respectively.

Operational Risk:

This type of risk arises out of operational failures such as mismanagement or technical failures. Operational risk can be classified into Fraud Risk and Model Risk. Fraud risk arises due to the lack of controls and Model risk arises due to incorrect model application.

Legal Risk:

This type of financial risk arises out of legal constraints such as lawsuits. Whenever a company needs to face financial losses out of legal proceedings, it is a legal risk.

Grieving When You Have Children

When you have children, you may not want to show your feelings. Sometimes this is a good thing. For example, showing anger towards their other parent during a separation can be painful for a child to see. Reassure your child that the separation isn't their fault. Keep their routine as normal as possible, and tell them what's happening so they're less confused by it all. However, if both parents are grieving for a loved one, it's sometimes good for children to see that it's normal to sometimes feel sad and cry.

Pay attention if your child wants to share their feelings, whether it's through talking, drawing or games. Children need to feel they are listened to, so include them in decisions and events if it feels right.

When to Get Help?

Get help if any of the following apply to you:

Any kind of loss is not as important as life is. Our health should be our priority. We can earn things just once we lose, but if we lose our health, it can’t bring in a normal way so easily. We know money is very important for our life but it is not important to live. Trust yourself and god, this financial loss will be over.

In case, you still feel sad, low, or worried, then talk to your loved ones and do breathing exercises and meditation. Read positive quotes. Don’t try to overthink the situation but try to solve it.

In case of help, book an appointment with a financial counselor at and manage your losses accordingly.



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    Neha Mehta

    Consultant Psychologist, Mental Health Professional

    Location: Hisar

    Language: English, Hindi, Punjabi

    Area Of Expertise: Child Counseling, Couple Counseling, Marriage Counseling, Parenting, Self Improvement, Sleep, IQ Testing, ADHD, Career Counselling, Adolescent Counselling, Motivation, Family Counseling

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    Rs. 1000.00/30min

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