If you’re cutting it close with your finances every month, or not setting aside anything for your future, then your routine could use some tweaking. Identifying the financial habits tripping you up is the first step to moving toward life’s bigger goals.
35 percent of people who experience stress in their relationship blame finances. The good news is there’s a way to beat money stress, even if you and your partner have vastly different approaches to managing money.
Without a budget, your financial picture is at best muddy. At worst, you might find yourself overspending, racking up credit card debt and feeling confused and anxious about your situation. But a good budget gives you the confidence and a blueprint to live the life you want.
If spending habits are getting in the way of your long-term goals, like homeownership or a big getaway, you’re not alone. Think about what’s standing between you and your goals and push those things aside.
Whether you’re pulling your hair out because you can’t seem to save enough money for your emergency fund or you’re having a hard time dealing with your significant other’s spending habits, various types of money anxiety can be triggered by what one expert labels as “thinking traps.”
It's tempting to spend money to keep up with your friends and family. But splurging can lead to stress if you don't plan ahead. Check out this infographic for strategies to help you indulge on occasion without the guilt.
Does it feel like even when more money is coming in, a big chunk of it is going out? Upping your spending along with your salary is tempting, but keeping lifestyle creep in check is the key to staying on track with your savings goals. Learn what you can do.
Download a mobile app from your bank or a budgeting website and check your account balances daily. Keeping tabs on your spending will help prevent you from breaking your budget. To learn more, click here.