Carolyn J. Braden • 3 Minute Read
Financial Habits That Help You Sleep Better at Night
Nowadays, it’s by no means difficult to feel like you’re in a precious situation, financially. It seems like prices are ever on the increase, and potential economic instability might threaten more jobs, and it can cost you sleep. While you can’t control the future of global finance, you can make sure that you’re putting yourself in as best a situation as possible with your own money, perhaps helping you sleep a little better at night as you do. Here are some of the habits you should start adopting for that reason.
Plan vacations and more via a good budgeting system that works for the whole family
Make A Real Plan With Your Money
First and foremost, you should make sure that you’re not slipping into those spending habits that could potentially put you in a more risky position should any sudden financial emergencies hit. Create a household budget to ensure that you have some manner of control over where your income goes each month. It can help you assess your expenses, cutting where necessary while also ensuring that you’re intentionally using what you have left over, whether it’s for savings, debt, or even fun.
Saving is easier than you may think
Automate What You Can
One of the most common issues is that people who don’t watch their money closely enough can find that they don’t have enough left to pay off their bills when the time comes. Taking steps to automate your finances, such as your bill payments, savings contributions, and even debt payments, can help you get rid of the worry of missing due dates or falling behind. Rather than automating so that these necessary payments come out when your bills are due, you should automate them to come out when you get paid so you don’t accidentally spend the money before you need it.
You can hire a financial planner to help you
Actively Work Towards Debt Relief
If you’re like many people, then it’s your debt that keeps you up at night. It can feel like a weight on your chest, so it’s important to give yourself relief where you can. Ensure that your budget sets aside some cash for managing your debt, paying off those that threaten the highest interest payments, and make sure you’re paying more than the minimum.
Get a recent graduate thinking about financial planning….and start with giving them some cute origami money in a card with some good advice! See our easy tutorial below or via my YouTube channel @carolynjbraden:
Look at your relief options as outlined by Alex Kleyner so that you’re able to take steps to reduce your debt or work out an agreement with your creditors if you find yourself in a real emergency. The worst option when it comes to your debt is ignoring it.
If you break the bank, no worries, as you can recover!
Contribute Consistently To Your Goals
Whether you’re looking to afford a home of your own, to pay off debt, or simply to build your wealth, you need to ensure that you’re setting aside money each time you get paid. It doesn’t have to be a huge amount, it’s the consistency that matters more than the amount. Where you put your money matters, too. For your long-term goals, investing in assets like real estate or bonds can ensure that your money grows alongside you.
No one can guarantee you a life of wealth and financial security, but the tips above can put you in a much more stable and flexible position to handle whatever life throws at you, and that’s important.
If you loved this article, then we know you’ll love this one too: How to Make a Money Origami Plant or Bouquet
Carolyn J. Braden is the owner of Carolyn’s Blooming Creations is a regular contributor and editor for CBC. She has been featured in numerous media publications such as InStyle Magazine, on HGTV, on Bustle.com, and more. She is the author of the books Georgia McMasters in Amethyst Lake Cemetery, How To Be Yourself: 3 Ways To Help You Being You, and the illustrator for the children’s book Bridging Connections. She is a former classroom teacher that now dedicates her life to educating others on how to live their most healthy, creative and happy life. Learn more about her visiting our About Us page.
This is a collaborative post and may contain affiliate links. All opinions and ideas expressed in this post, however, are based on my personal point of view.