A financial therapist suggests using this 6-word phrase to reduce stress and improve confidence with money.

Any number of things can cause money worries, but the key to overcoming it is changing your mindset, according to Aja Evans, a financial therapist and author of "Feel Good Finance."

She advises her clients to repeat the phrase "as much as humanly possible": I can handle my financial situation.

"Evans advises CNBC Make It that regardless of the quality of one's financial situation, it's important to maintain a positive mindset and tell oneself that they can handle it."

Worrying about money is often a result of concerns about safety. However, this statement can reassure you that you have the ability to overcome any financial challenges you may encounter, according to her.

Here's how it can "retrain" your approach to money challenges.

The power of positive affirmation

According to Evans, our brains are constantly adapting our behaviors based on the information we absorb. Therefore, the thoughts we have are crucial.

Repeating the phrase "I am capable of managing my finances" can help you develop a more confident mindset when dealing with financial challenges and move away from negative thought patterns related to money.

To truly understand and embody this phrase, you must deeply ingrain it within yourself.

"Believing in oneself is crucial, as it strengthens one's ability to handle crises, according to Evans."

How to shift your money mindset

Evans suggests that in addition to affirming "I can handle my financial situation," it's beneficial to reflect on past instances of overcoming financial difficulties. This way, when you remind yourself of your ability to handle any financial challenge, you have concrete evidence to support your claim.

She reminds herself that she has successfully navigated her toughest days and can do so again.

To prepare for the unexpected, it's important to take concrete steps, such as increasing your emergency fund.

"Evans advises against assuming that money will automatically fall into one's account simply by doing affirmations. Instead, she emphasizes the importance of being financially secure and stable while practicing self-affirmation."

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