Money is the reason behind many of the greatest, most exciting, most beautiful, most fun things in world… as well as also being the reason behind many of the most terrible things- divorce, debt, depression and, most of all, stress. I personally can’t think of anything else that stresses me out more than my finances. It’s not even like I am in any major financial trouble either. I have a pretty standard amount of debt for a 30-year-old college grad who just recently finished grad school and is working multiple jobs in order to pay the bills while still trying to stash a little away every month in a savings account. I guess when I say it out loud, although it’s a mouthful, it’s not as bad as I make it all out to be in my mind.
However, even without being in an insurmountable debt, it is still hard for my stomach not to drop when I get the bills in the mail or when I realize it’s less than a week until rent is due on the first of the month. It just goes to show that no matter how well off or how deep in the hole you are, money is a major stresser. And since stress can equal health problems, it is important to get it under control. In order to help, below are a couple tips to help get a hold on your financial stress, and hopefully lower your blood pressure as well.
Track The Way You Spend
If you find yourself coming up short every month, you may want to start tracking your spending habits. By documenting what you spend your money on each week and adding it all up at the end of the month you will be able to see where it is all going. This will help you figure out where you need to cut back in order to get your finances straight.
Be Mindful of Your Credit Card Usage
We all know how easy it can be to rack up that credit card debt. I try to keep a rule that I only use it for necessities or emergencies. If you use your credit card on things you are going to be buying anyway, then you will reduce the risk of overspending. However, if you don’t have enough cash for that $200 pair of jeans and you think you will just put it on the plastic, that is how you get into trouble. Just make sure to be aware.
Know Your Credit Score
This is why it is important to be smart with your credit cards. They determine your credit score, and even though it may not seem like a big deal, when you try to buy a car or rent an apartment you are going to kick yourself for defaulting on your payments for the past year. If your score is low you can build it back up by paying your credit card bills on time. Check your score regularly in order to make sure you are staying on track.
This article is made available for general, entertainment and educational purposes only. The opinions expressed herein do not necessarily reflect those of The Joint Corp (or its franchisees and affiliates). You should always seek the advice of a licensed healthcare professional.