Strategies For Getting Financial Stress Relief
Are you stressed out about the state of your finances? Are you looking for financial relief? You’re far from alone.
A new CreditWise Survey released by Capital One has found that 73% of Americans say their finances are their No. 1 cause of stress, far more than politics (59%) or work (49%), or family (46%). Financial stress is nothing new, but it has been more acute over the past few years during the global pandemic, rising inflation, and political instability. It’s clear that much of America needs some serious financial stress relief.
Here are some approaches to overcoming stressful financial hurdles and living your best life.
Here’s How To Get Financial Stress Relief
1. Create A Budget
This should always be the first step in getting back on the right financial track. Before you can take further steps to ease your financial burden and stress, it’s vital to start with creating a budget. It’s the best way to begin understanding financial difficulties and overcoming them. Budgets also go a long way to set you up for future financial success. When you’re under financial stress, it’s nearly impossible to plan for your financial future.
With a budget, you can track your spending, usually divided into recurring necessary expenses (food, rent, credit card bills) to expenses more in the “wants” category (entertainment, eating out). Set a goal, track your spending religiously, get an idea of where you need to improve and make some budget cuts. It gets easier over time.
2. Create A Financial Security Blanket
If you’re regularly dealing with financial stress, relief may come in the form of a financial buffer. Consider adding an emergency fund or a savings account (or both) into your monthly budget. This nest egg will help you stress less about unexpected expenses. Start by contributing what you can each month or every few weeks and then adjust your contributions as you become more financially stable.
3. Don’t Be Afraid To Ask For Help
Money management is not always easy. If you are struggling with creating a budget or curtailing your spending, assistance is available. Investing and basic money management courses are common online and in person.
If you feel ready for tackling more long-term financial goals, a financial planner can set you on the right path for your unique situation. If you are one of the millions trying to pay down debt, another option is working with a credit counseling service that can do everything from helping restructure debt to negotiating with creditors.
4. Set Up Automatic Payments
Most bills are due monthly, but they’re easy to forget. If you feel financial stress from keeping track of your bills or forgetting to pay, an easy solution is to set up automatic payments. You can do this directly through a utility company, credit card company, or through your bank’s online services. You can set the date of each bill payment for each bill — and then forget it.
On top of that, you can also sign up to get payment alerts for your automatic payments, which will let you know when a bill’s due date is coming up and then when the bill has been paid.
5. Look For An Additional Income Stream
It used to be tough to find a second job that worked well with your already-busy schedule. Times have changed. There’s now a litany of lucrative gigs and side hustles that can easily fit into a hectic day — and provide you with a reliable source of the extra income you need.
Crafty? Try selling your wares on Etsy. Good with dogs? Try joining a walking or sitting service. Or freelance by offering up services that are already your primary-job specialty. Just remember to only fit in what you can. We’re talking about de-stressing here after all.
6. Consider A Fast Title Loan
A financial emergency, such as an unexpected hospital trip, last-minute travel, or an expensive car or home repair, can derail any attempt at financial stress relief. A fast title loan may help. By using your car’s lien-free title as collateral in exchange for a short-term loan, it can take as little as 30 minutes to qualify for up to $15,000 with one of At Home Title Loans’ certified vendors.
And you can get a title loan online. To get started, just head to our homepage and fill out the short title loan inquiry form. One of our licensed vendors’ representatives will then give you a call and walk you through the rest of the process. All that’s required is your title (that should be lien-free), a driver’s license or state-issued form of I.D., and your vehicle for a quick inspection. Once you qualify, you get the cash you need the same day or the very next business day.
Get Started Today
Feeling stressed from constantly worrying about money? An option for financial stress relief is assistance that you can get with a fast title loan online. Get started online and qualify for the cash you need to get back on the right financial path quickly and easily.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.