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Downsizing with only finances in mind can have a major impact on your emotional well-being — especially if it means selling, donating or throwing out the things that bring nonmonetary value to ...
Downsizing also takes a long time to get right, something people aren’t always prepared for. To avoid this mistake, Turner recommended setting clear expectations early to stay on track financially.
That transference is incredibly powerful and can reduce the emotional stress of the downsizing process." Related: Decluttering Projects You Can Easily Tackle in Less Than 30 Minutes.
Downsizing can lower your cost of living so you can pursue a better lifestyle, it can also be a difficult […] The post Pros and Cons of Downsizing in Retirement appeared first on SmartReads CMS ...
The long-term effect of downshifting can include an escape from what has been described as economic materialism, as well as reduce the "stress and psychological expense that may accompany economic materialism". This new social trend emphasizes finding an improved balance between leisure and work, while also focusing life goals on personal ...
Fear stage is the third emotional stage following an announcement of layoff, in which employees worry about how they will survive financially. [28] Acceptance stage is the fourth and final stage of the emotional reaction to downsizing, in which employees accept that layoffs will occur and are ready to take steps to secure their future. [28]
While the concept traditionally revolves around transitioning to a smaller home to save money, downsizing extends beyond mere living arrangements. It involves simplifying various aspects of life, …
For example, deKlerk (2007) [19] writes about how emotional trauma can negatively affect performance. Due to downsizing, outsourcing, mergers, restructuring, continual changes, invasions of privacy, harassment, and abuses of power, many employees experience the emotions of aggression, anxiety, apprehension, cynicism, and fear, which can lead to ...