Statistically, people who have financial plans in place are less stressed than those who do not have any detailed financial plans.
When asked about how they feel after going shopping, people expressed that they felt happy temporarily, however, when having an existing financial plan and an emergency fund in place, people reported that they were less stressed.
A prime example is the increase of individuals losing their jobs this year due to the pandemic. People who received professional financial advice, were noticeably more likely to have an emergency fund in place as well as other sources of income and investments, making their change of job status less stressful as they had a reliable back-up plan.
Many people do not like to discuss their finances with friends and family, as it tends to be a taboo topic within social situations. Those who have a