Financial worries are common, but engaging with your finances and creating a long-term plan could ease stress.

According to research from Virgin Money (1 October 2025), 89% of people in the UK experience money worries, and a third said they experience this regularly.

Financial concerns can spill into other areas of your life. If you’re worried about money, you might struggle to sleep, concentrate at work, or give your relationships the attention they deserve. So, tackling financial stress could improve your overall wellbeing.

Here are seven ways a financial plan could reduce stress.

1. It could clarify your current financial position

Sometimes, fear of the unknown can be a driver of stress.

A financial plan could bring together your assets, liabilities, and long-term goals, so you have a clear picture of your financial health. This one step could be enough to help you regain your sense of control and banish stress. Even if you find there are gaps in your finances, knowing exactly what they are and how you might close them could relieve stress.

2. Creating a budget as part of your financial plan could help you balance priorities

Managing finances can feel like a juggling act. While you need to ensure you’re meeting financial commitments now, you might also be trying to save for the future. This balance can be difficult and might contribute to stress.

As part of a financial plan, you could create a budget that’s tailored to your needs. A clear outline of the steps you need to take now and in the future could support the development of healthy financial habits that allow you to balance competing financial priorities.

3. A financial plan could improve your resilience to shocks

If your worries focus on what would happen in different scenarios, particularly unexpected shocks, a financial plan could help you gauge how you’d cope now and what steps you could take to boost your resilience.

A financial shock might include your income stopping suddenly if you’re made redundant or are too ill to work. To provide a financial safety net, you might start building up an emergency fund or take out appropriate financial protection so you’d receive a lump sum or regular income in certain circumstances.

While you can’t stop a financial shock from occurring, being prepared could reduce stress now and should you face one.

4. A financial plan could help you feel more confident

A lack of confidence can also be a cause of financial stress. Financial topics might feel overwhelming, causing some people to bury their heads in the sand rather than engage with their finances.

Working with a financial planner means you’ll have someone who can identify what financial tools are appropriate for you and explain how they work. Expanding your knowledge and having someone who can answer your questions can feel reassuring.

5. A financial planner could alert you if a change might affect your plan

Even when you understand finances, changes happen, and they could cause stress to peak again. For example, a government budget might unveil tax changes that apply to you, but you’re unsure what impact they’ll have and if you should adjust your overall plan as a result.

Your financial planner will be able to alert you if your financial plan could be affected and offer tailored support and advice.

6. You could take a hands-off approach

While some people like to be involved in the management of their finances, others find it stressful. Working with a financial planner on an ongoing basis means you can take a hands-off approach if that’s what you prefer, so you don’t have to make day-to-day decisions about your finances.

7. Regular reviews provide a dedicated time to discuss financial concerns

Finally, financial stress can build up if it’s not addressed. So, scheduling regular financial reviews could help you tackle any issues that might be bothering you. Having dedicated time to talk about finances could mean you’re better able to put them out of your mind when you should be focusing on other aspects of your life.

We could work with you to create a financial plan

If you could benefit from a long-term financial plan that balances your short- and long-term needs, please get in touch.

Please note: This article is for general information only and does not constitute advice. The information is aimed at individuals only.

All information is correct at the time of writing and is subject to change in the future.