Reduce Money Stress: Tips for Success

Advice & Stories, Planning & Saving, Success Stories
on September 5, 2013

Most people face serious money problems at some point in their life. Unfortunately, for many, this is hard to avoid. However, with these 10 tips, a person can live a carefree financial life and start saving money with ease.

Make a plan: Making a plan is key. Having a plan can make you feel less vulnerable and  more in control.

Second income: even with a large income it is still possible to struggle to pay bills. With a side business or part-time job, one can save money and navigate the future with ease.

Share: a great stress fighting secret, don’t worry alone. Share the stressful burden with a spouse, parent or close friend.

Establish good credit: This number determines how expensive it is for us to borrow money—but many people don’t understand the factors that go into determining the score.

Garage sale:  To fill up the savings account, you could should consider having a garage sale.  Just by selling a few items, you can get back on solid financial ground.

Monthly bills: One way a household can save money is by reducing or getting rid of these bills. Remember, things like Netflix and newspaper subscriptions add up and a family should consider free alternatives.

Emergency fund: A cash emergency fund will help you avoid turning to expensive credit cards in times of financial crisis, like needing to pay a bigger-than-expected medical bill.

DIY: instead of hiring a gardener or house cleaner, try saving money by doing it without professional help.

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