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Financial stress is all too common.
According to a recentMarketWatch Guides survey, roughly half of Americans feel like theyre broke.
Around 66% feel like theylive paycheck to paycheck.
Here are a fewsolid tips to get you started.
Enright suggested starting with a simple budget.
Whatever the case, creating a budget doesnt have to be difficult.
Really Cut Down on Spending
As you go aboutcreating a budget, be absolutely honest with yourself.
Do you should probably have that monthly subscription service to Netflix?
Is that three-times-a-week coffee run necessary, or could you be just as happy with goingonce a week?
Take a hard look at your spending habits and start prioritizing cutting down.
you might always adjust your budget again later as you have more spending money.
Then you might decide where you might cut back or adjust so your spending aligns more with your goals.
Doing this can eliminate the stress of having to juggle multiple payment dates.
It can also help you avoid late fees.
Some people have success scheduling online payments.
Some note due dates on calendars they use consistently.
Put the envelope in a visible place and mail it after pay day.
Pick what works for you and adhere to it consistently.
Depending on your credit score, debt consolidation could save you money on interest payments over time.
Ask for Help
Sometimes, you just need to know when to ask for help.
This might not be easy, but doing it can alleviatequite a bitof financial stress.
You might not want to make a habit of this, but you could also getsome much-needed short-term relief.
And if that isnt an option, there may be other resources.
Know when it’s crucial that you ask for more help, said Barrington.
Consider whether debt counseling might be a necessary step.
One characteristic of financial stress is a feeling of helplessness.
The way to fight that feeling of helplessness is to get organized.
Make a plan to deal with your financial problems.
Its OK if you cant resolve every problem right away.
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