Search Listings

Buyers Blog Update 10/5/2018

Melissa can help you find your piece of paradise!
Helpful Article
"Things you can do today to feel better about your money worries"

Things you can do today to feel better about your money worries.
Making your money stretch far enough can sometimes feel like an impossible task. If you feel like you don't have control over your finances, here are 9 things you can do today to feel better about your money worries.

1. Identify the cause of the worry

What is it that is causing anxiety? Identifying the cause of money worries can help you formulate a plan.

Your expenses are more than your income: you spend more than you earn

You can't seem to save: you live payday to payday and find it impossible to save

Job loss or redundancy: being out of work, even temporarily, can cause financial stress

Debt: if you've borrowed more than you can afford to pay back, you could be struggling to manage your debt

2. Face your fears

The worse thing you can do is avoiding the problem. If you can't pay your debt, then speak to the lender and find out if there is an alternative payment plan or seek professional advice. Don't let the problem get out of control.

3. Stay healthy

Anxiety can have a knock-on effect such as lack of sleep or loss of appetite. Some people find themselves eating more and consuming more alcohol. All of these things could make your situation worse. You need to look after your physical health or the added stress could make you ill.

4. Focus on what you can change today

If you can't resolve a problem, then worrying won't help. Concentrate on taking positive actions and focus on things that you have control over.

5. Don't obsess over money

Money is not the most important thing in the world after all. Constantly thinking about all the things you can't afford and all the things you wish you had isn't productive whatsoever. Focus on the good things in your life; friends, family, good health, your job, hobbies. Work on changing your mindset to the positive.

6. Budget your money

When you feel like you aren't in control, it is easy to make yourself stressed. If you don't control your spending, this could be the cause of your money worries. Take some time to make a realistic budget, setting out how much you will spend on bills, food, petrol, clothing and treats. Once you have a plan, make sure you stick to it.

7. Spend less than you earn

If you aren't tracking what you spend money on, it can be easy to spend more than you realize. Keep a record of what you spend and work out where you can cut back. Could you take a packed lunch instead of buying lunch every day? Could you walk more to same money on gas? Maybe you could suggest a night in with friends rather than spending money on a night out.

8. Be honest with yourself

Look at your income and your outgoings. Where are the problems? You need to be honest with yourself about what actions you can take. Do you need to cut back? Is your spending out of control? Are you wasting money? Have you borrowed more than you can afford?

9. Ask for help

There's nothing wrong with asking for a little help and support if you need it. Simply talking things through with a friend or family member can help you feel better. Alternatively, it might be time to speak to a professional debt adviser or financial specialist. 
 by Sophia Anderson October 2, 2018
 

Link to Full Article
 Quotable Quote
Today's Rates
October 5, 2018
Rates, terms, and fees as of 10/5/2018 10:15 AM Eastern Daylight Time and subject to change without notice.  
Rates from Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A., an Equal Housing Lender.
https://www.wellsfargo.com/mortgage/rates/

Post a Comment

Current Oahu Homes for Sale
Area # Price Range
Central Oahu 52 $75k - $3.7m
Ewa Plain 56 $300k - $2.3m
Diamond Head 266 $40k - $37.0m
Hawaii Kai 79 $30k - $18.9m
Kailua 97 $398k - $27.5m
Kaneohe 110 $75k - $3.7m
Leeward Coast 92 $118k - $2.3m
Makakilo 25 $240k - $1.5m
Metro Honolulu 1604 $40k - $15.9m
North Shore 154 $195k - $45.0m
Pearl City 65 $95k - $10.0m
Waipahu 28 $220k - $4.5m
Sign Up for Our Monthly Email Newsletter
Popular Oahu Communities and Searches