How to bring money fears under control
The Herald’s Cooking the Books personal finance podcast is here to get you the tips you need to weather the financial storm. Hosted by Frances Cook, with a new money expert featured on each episode.
In the money world, people often talk about the “sleep at night” test.
They’re usually talking about investments, saying that each person will be able to handle a different level of risk before they start losing sleep at night.
Everyone agrees that even if it’s a good investment, no money is worth losing sleep at night if you personally aren’t comfortable with it.
But times are different, and more stressful, now. All of a sudden, the sleep at night test applies to everything to do with our money.
On this week’s Cooking the Books podcast I talked to Money Mentalist Lynda Moore. She said worries could easily spiral out of control, so the first step was writing a list of everything worrying you.