Are you struggling to cope with financial stress?
Finances are a source of stress for many people, especially during times of crisis.
Minimizing your own stress levels may seem daunting and like potentially yet another expense.
But were here with ways to de-stress without emptying your wallet.
Here are five tips to help you cope with financial stress and maximize your paycheck.
Need Some Quick Cash?
If youre looking to boost your income this month, weve got just the thing for you.
Check in On Your Budget
How isyour budgetlooking?
Do you have one?
If not, heres our rundown of10 budgeting methodsthat could work for you.
Theres the50/30/20 method, thezero-based budgetand eventhe anti-budget.
Nowadays there are evenbudgeting apps.
(We likeRocket Money.)
Budgeting styles vary considerably, so finding one thats right for you is integral for your financial success.
Start Saving
What would happen in the event of a car accident, layoff or medical emergency?
Would you have enough money saved to cover the bill?
If youre like most Americans, you probably wont have any money to spare in an emergency.
Anemergency fundcan help reduce the stress of what if.
Those with an emergency savings account experience a mental health score six points higher than the national average.
Without one, mental health scores plummet nearly 20 points below average.
Stressed About Money and Don’t Know How to Start Saving?
Its always a good idea to have some money stowed away.
If you dont know where to start, weve got some ideas for you.
From saving on car insurance to interest, these are some of our favorite ways to save.
Automate Your Savings
A great way to make saving easier is to automate your savings.
An automatic savings plan can be valuable financial support because you never have to think about it.
A great way to grow your money fast is with ahigh-yield savings account.
Why not make your money work harder for you?
Start Putting a Dent in Your Debt
Debt is a major source of financial stress for many.
In fact, some express that they feel like they will never get out of debt.
How do you get out of it?
Start putting a dent in your debt now.
Start by prioritizing your debts and deciding which ones you want to pay off first.
The snowball and the avalanche method are two of the most popular ways of doing this.
Another method is the avalanche method.
This is helpful because it can help you save even more money in interest charges as time goes on.
Got more debt than youre comfortable with?Debt consolidationmay be right for you.
Amongour picks:Freedom Debt Reliefnegotiates with your credit card companies to reduce your overall credit card debt.
Is Your Paycheck Not Going As Far As It Used To?
We get it.Everythingis more expensive than it used to be, but your paycheck hasnt kept up.
When money is tight,these resourceswill help nearly everyone.
make a run at carve out time for yourself by setting reasonable boundaries between you and your employer.
New York contributor Kiara Taylor specializes in financial literacy and financial technology subjects.
