Money may make the world go round, but for Quebecers, it’s also a major source of anxiety. 

A study conducted by l’Institut québécois de planification financière (IQPF) has found that money is what makes Quebecers more stressed out than anything else. 

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The survey, involving over 1000 Quebecers, found that 31% of respondents are most stressed out by money and personal finances. Work was a far second (21%) source of stress and health an even farther third (10%). 

How does this money-related stress manifest? 

According to the survey, 41% of respondents develop anxiety when money is on the mind. The stress of money also bears down on relationships, as 29% of participants said money causes arguments between couples. 26% said insomnia is a direct consequence of money-woes, too. 

Interestingly, 78% of Quebecers involved in the survey said that they feel fairly-to-very in control of their personal finances. 

Stress about money, it seems, can be experienced by anyone. Even those of us who can actually stick to a budget. 

To offset the anxiety, arguments, and lack of sleep caused by money-related stress, the president and CEO of IQPF, Jocelyne Houle-LeSarge, says a financial planner may be the solution. 

“A financial planner helps reduce anxiety and build confidence in the future” said Houle-LeSarge. 

Now all you need is enough money to pay for a financial planner to reduce your stress about not having enough money…

It’s a vicious cash-driven cycle.

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