• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Personal Development

Mastering Your Life And Future Through Personal Development. Set Goals, Take Action And Be Success In Life.

  • FREE Life Blueprint
  • Products
  • Personal Development Books
  • Contact Us
You are here: Home / Personal Development / Money / Overcoming Stress On Financial

Overcoming Stress On Financial

July 19, 2009

In today’s economy, financial stress is probably one of the biggest causes of stress. With so many people losing their jobs, just trying to make ends meet can cause added stress to your already stressful lives. The good news is that there’s a way out!

Plan For Overcoming Financial Stress

If you are not on a budget, you must get on one. I know the word budget seems like a bad word, and it does require effort and planning, but it is the best way to relieve financial stress. Living on a budget means you’re in control of your money, instead of your money controlling you.

There are many classes or programs specifically designed to teach you how to budget if needed. Simply do a search online using the terms “how to live on a budget” or “budgeting” and you’re sure to find one that meets your needs and is easy to use.

The key to sticking to a budget is making sure it’s easy to implement. Ask your friends and relatives what budgeting plans or programs they use and do a little research before deciding on one. But whatever you do, choose something!

Good Food at Great Prices

Another area where you can save money is at the grocery store. By using online and paper coupons, as well as flipping through the weekly flyers, you can save hundreds of dollars every month! Again, this takes some planning, but it will help relieve a lot of financial strain.

Knowing how much you spend on eating out may be a shocker to you. Cut back on restaurant food and plan more meals at home. You’ll be surprised at how much money you’ll save and you may even lose a few pounds!

Review Your Automatic Payments

Cutting out automatic payments from your spending will also help you be in control of your money. Look at any programs or services that you’ve subscribed to that automatically takes money from your account. You may find some you never use that you can cut out. Or perhaps there are better deals to be had elsewhere, so do your research!

Choose Used

One of the best ways to reduce your expenses is by driving a used car. If you’re making a car payment, you’re throwing away money that could be better used elsewhere. If it’s possible, sell your car, pay it off, and buy a used car with the cash that you’re saving on monthly payments. You may have to give up a little pride, but reducing stress and financial strain is far more important than pride!

Tips to Reducing Financial Stress in Your Life

Another way to overcome financial stress is to supplement your income. You can do this in a variety of ways. Some of them may even find fun!

  • De-clutter your home of “stuff” by sorting through and selling it on eBay, Craigslist, or Kijiji.
  • Clean out your shed or garage and have a yard sale.
  • Sell arts and crafts or jewelry on Etsy or eBay.
  • Start an online business using skills you already have.
  • If you’re good at a particular subject, start tutoring or teaching music lessons.
  • If you’re a golfer or skier, get a second job at a resort or golf club. This will not only bring in extra income, but they probably offer discounts to employees, saving you money while still being able to enjoy something you love.
  • Get a second job that offers flexible hours. Use the extra income to pay down debt or start saving for your emergency fund.

Having a plan, sticking to a budget, and increasing your income are the best ways to overcome financial stress during these tough economic times. If you’re diligent and determined not to let today’s economy stress you out, you’re sure to succeed!

Filed Under: Money Tagged With: Overcoming Stress, Overcoming Stress Financial, Overcoming Stress On Financial

Free Book Summary Membership

Primary Sidebar

Best Free Book Summary Website

Click here to create your FREE account
Free Book Summary Membership

Personal Development Wisdom

Footer

Recent Posts

  • A Foolproof Formula for Eating Healthy Breakfasts
  • 12 Important Conversation Skills for Couples
  • 10 Tips For Exercising After COVID-19
  • 7 Ways to Overcome Fear of Learning a New Skill Through Mistakes
  • 7 Steps to Finding True Happiness After Breaking Up
  • 7 Fears About Parenting That Will Get Easier After You Have Kids
  • 6 Time-Saving Tips to Help You Get Work Done Faster
  • 5 Principles to Lead With Impact
  • 5 Popular Strategies You Need to Know to Find Your Life Purpose
  • 5 Benefits of Developing an Authentic Voice in Writing

Disclosure

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.

© 2023 PersonalDevelopmentMaster.com · Privacy Policy · Terms ·