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Avoid Financial Stress by Living with a Financial System

Avoid Financial Stress by Living with a Financial System

October 19, 2022

Avoid Financial Stress by Living with a Financial System

You can avoid financial stress if you become financially organized and establish a simple Financial System to live by. There is no point wasting time and energy on the things you cannot control. All it does is depletes your energy and create more stress.

You can become more proactive on placing activity on the things you can control. When you act on, the things you can control, you are able to reduce stress levels and increase joy, because you can initiate and influence change. Over time these improvements will bring more improvements and improvements bring joy, a sense of accomplishment and less stress. Here are some things you can control to avoid financial stress:

  • Do not let money consume your thoughts.
  • Establish a budget to live by.
  • Avoid increasing your credit card debt and begin paying it off.
  • Let go of what you cannot control and place your mind only on the things you can control.
  • Stop talking about getting better with money and start doing it.
  • Begin saving for an emergency fund. Your goal is to establish 3-6 months of take- home pay.
  • Save at least the matching contribution of your employer in your work retirement plan
  • Set up monthly auto payments to pay your bills.
  • Focus on the goals you want to accomplish.
  • Earmark a systematic payment each month into your goals no matter what amount it is. Examples: College Funding if you have children, Vacation Fund, Long-Term Goals Fund for new home purchase.
  • If you are invested in the markets and are experiencing losses, think about the long-term goal of your purpose rather than the losses you see on each statement you open. If you are so very concerned, consider seeing your Financial Advisor for advice or complete a new asset allocation. Please know this, there are no gains without losses.
  • Remember to express gratitude for all of your blessings. There may be those who may be far worse than you. Establish a gratitude-attitude mindset and believe more blessings will come. 
  • Visit a Financial Advisor after you have established your emergency funds and paid off your credit card debts.