4 Things That Will Help Take Off Your Financial Stress

It has been said that the top three things married couples fight about are money, sex and parenting. While it is easy to see how these topics can cause fights, they do not have to. Use these four tips to reduce your financial stress and give yourselves one less thing to fight about.

Set Up a Budget

The first financial move every adult should make is to set up a budget. With a budget, you know exactly how much you can spend in various categories, such as food, clothing and entertainment, and still have money left over at the end of the month. Sticking within your budgeted amount gives you the freedom to never worry if you can afford things. Your budget will tell you exactly how much you can afford without getting yourself in a financial mess.

Maintain an Emergency Fund

For true peace of mind, put money aside each month in an emergency fund. Then, when the unexpected happens, you will not have to worry how you are going to pay for it. Flat tires and surprise medical bills do not have to be a source of financial stress if you already have the money set aside for them. According to financial guru Suze Orman, a good amount for an emergency fund is eight months’ worth of income.

 

Switch to our mobile site