Reduce Money Stress: Tips for Success

Advice & Stories,Featured Article,Planning & Saving,Success Stories
September 5, 2013

With these 10 tips, a household will enjoy saving money with ease.

Money Stress
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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.