Finance
5 Ways You Can Start Reducing Money Stress Now

If you’re worried about your cash flow, you’re not the only one: An APA study found that 72 percent of U.S. adults self-reported feeling stressed about money. The good news is, there are steps you can take to decrease your worries and gain control over your finances. Try these 5 ways to reduce money stress now.
1. Put Bills on Auto-Pay
Do you ever wind up paying bills late because you forget? If so, you know that late fees cost you. Put bills on auto-pay, so you won’t be penalized for forgetting.
2. Pay Yourself First
If you have an emergency cash fund you’ll be less stressed when an unanticipated expense arises. The day you get your paycheck, transfer some into an emergency savings (aka, pay yourself first). This can help you pay for a difficult situation without credit cards or emergency cash loans.
3. Confront Your Spending Habits
The fear of confronting bad money habits keeps many people from getting proactive about their finances. But you’ll keep making the same mistakes if you don’t try to do better. Confront where and how you spend money, then find ways budget to reduce your expenses. For example, purchased fitness equipment and cancel your gym membership, or eat pantry items and stop getting food delivered.
4. Reward Yourself for Doing Well
As you change your financial habits, reward yourself to boost morale. Rather than splurge, take out museum passes or rent movies from your library, find free events in your town, or trade mani/pedis or massages with a friend. You don’t need to spend money to have fun.
5. Ask For Lower Interest Rates
Many lenders are willing to reduce monthly payments or interest amounts if you call them, so give it a try! There’s nothing to lose.
Is A Personal Loan Online A Bad Idea?
In a situation where money is stressing you out to the point of no return, cash loans online may provide some relief. We advise that you find a credible lender who may offer online loans. Make sure you understand your goals such as consolidating higher interest loans. When you get a personal loan online make sure to ask the common questions any borrow should ask such as the following:
- Will borrowing money help me achieve my goals?
- How much do I need to borrow?
- What will my monthly payment be, and can I afford them?
- How long will I be paying this loan off?
Ideally, you will not need to take out a loan to reduce money stress, but sometimes we realize this is the only options. Make sure to manage your credit score and utilize some of the great resources available. Here are the top 10 personal finance apps for you to use right now from your smartphone. We are confident if you follow these money tips you will reduce your stress quicker than you imagined.