It’s time to pause, take a step back, and reset your feelings and expectations when it comes to dealing with your money. This fundamental shift within you is what will make other important changes possible.
Unexpected expenses happen all the time, but if you have a cushion of savings, these unexpected expenses don’t have to derail you.
If you want to work towards your longer-term financial security, you need to free up funds to do so – but how? One suggestion: participate in the “sharing economy,” now dead simple, thanks to the Internet. By sharing, renting, or bartering, you’ll reduce your expenses and/or earn a little extra income. Before you know it, you may find yourself with extra funds to fatten your savings account or invest in the other building blocks of your financial security.
If you’re not sure where or how to cut back on expenses in order to increase your savings, try this exercise.
For most of us, money represents security, so uncertainty related to money can really wreak havoc with our peace of mind. The trick is to find ways to work past the fear and stress, so you can keep moving towards your financial goals.
A healthy approach to dealing with your money isn’t always about focusing on big, long-term goals. Some of the most important things you can do regarding your money are simple tricks that build the foundation for your long-term financial wellbeing.