6 Ways to Stop Stressing Over Money

An article from CNN and a study by the American Psychological Association states that women more often stress over money than men do often times because they are in charge of the family checkbook.

One of the best pieces of advice I've ever received is this: "Your sanity is like your money: both are finite. Spend both wisely." In other words, don't stress over your 401K when you won't need it for 20 years. Focus instead on the family budget now, and take action. By taking action, you'll stress less because you'll be doing something about it.

Here are some ways to deal with your money issues in a way that makes you proactive:

1. Call your creditors before the payment is late. If you cannot make the mortgage payment, tell the bank before the mortgage payment is due. With so many people having money issues these days, banks are desperate to try to keep people from foreclosure and bankruptacy. Tell them what the issues are and work something out with them. At the very least ask them to waive any late payment fees for you. In this way, you can avoid the credit people calling you at all hours of the day and night.

2. Turn off the television and stop watching the news.
Sure you need to be informed, but you don't need to be inundated. Watching how wall street is in toilet just makes you stress about things that are out of your control. Take the dog for a walk instead.

3. Look over the budget and set goals. Be upfront with your kids and spouse. Tell them you need to cut corners, and you'll be surprised by how they want to help out.

4. Carpool to work, take the bus, or trade in that gas guzzler for a smaller car.
The smaller gas and insurance cost of a small car will many times make up for its own car payment over the gas guzzling SUV. It costs upwards of $80 to fill up an SUV, and you can fill up a small car for only $30. Or, take the bus and read a good book every day. Use that time to relax.

5. "Me" time gives you more energy for "we-time". Understand you cannot take care of others unless you take care of yourself first and take time for yourself.

6. Find something to laugh at. Laughter really is the best cure for many things. Rent a movie that makes you laugh, and take a break for a while.

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