Easing Up

Some tips for alleviating financial stress

Everyone, at some point in their lives, has felt some financial stress. No matter how much money you have or how little, there’s always something to worry about. The key to avoiding money stress? Well, there might not be one perfect solution. However, here some tips that can put you in the best position to alleviate as much financial stress as possible.

  • Pay Down Debt. Debt makes everything more difficult. If you’re trying to buy a home and you have a poor credit score because of debt, suddenly that dream house is just that — a dream. Pay down your debt and get control of your life. Every step toward being debt-free is a step toward being stress-free.
  • Talk About It. The easiest thing to do when you encounter a money-related stressor is to keep it to yourself. The problem, of course, is that your issue doesn’t just go away. In fact, it might get worse. Talk about your financial stressor. Only by discussing it will you be able to form a plan to solve the problem.
  • Look Over Your Budget. If you haven’t reviewed your budget in a while, it’s time to give it a once over. As USA Today reports, trim any fat and make sure your spending and saving are in line with your goals.
  • Shop Around. If you’re about to buy a car, don’t just buy the first one that looks cool. Especially when it comes to major purchases, you should be shopping around and comparing prices for the best value. Getting the best deal will help keep that stress at bay.
  • Seek Help. If things are really bad and you don’t know how to undo your stress, seek help from a professional. A financial planner might be just the person you need. The longer you wait to ask someone for help, the more your stress will increase. So if you’re in deep, start digging out now, not later.
  • Chris O'Shea

    Powered by: SavvyMoney