Self-improvement 101: 5 Practical Tips to Avoid Financial Stress
Love Month is drawing to a close, but that doesn’t mean that February is only for lovers. Love comes from within, and you can take care of yourself by learning something new or upskilling in a particular subject. One aspect that you can learn more about is Financial stress and how to avoid it. In this article, you’ll learn some key tips that you can implement in your daily life. Let’s face it money is a vital part of our lives it should be handled with care because it directly impacts your daily life and emotional well-being. Here are some strategies to be prepared against financial stress:
1. Conduct your research
Every big plan starts with small actions. Why not start by examining your lifestyle and listing your expenses for the rest of the month? Then make that a regular thing to reevaluate your spending habits. Categorize how much of your savings are going through essentials and what part is being used for wants. Remember to set a clear limit and boundary to avoid overspending. Awareness is an asset worth having especially if the security of your financial health is concerned.
2. Avoid Impulse Buying
Retail therapy is a concept to do shopping to make yourself feel good. But, let’s be real you everyone has the power to control their finances and retail therapy is not something that you should be doing if you don’t feel like yourself. Seek alternative lifestyles like meditation, hobbies, and not impulsive buying. Unwanted purchases will only lead to clutter if not used. Be conscious of how you use your money because convenience has a price and being prepared for something big later is safer than buying things that you don’t need.
3. Review your subscriptions
Always check your expenses which include your subscriptions. Note the services that are currently in use and remove the ones that you don’t need anymore. Doing so will free up some space on your devices and save more money. Once in a while take a look at your app store or launcher to see which app subscription you don’t use anymore because it will have a detrimental effect on your savings if you are constantly charged monthly or annually for the service that you don’t need.
4. Check your budget
Clearing up bad habits and monitoring your expenses is one of boosting your budget for the coming weeks and months. You should have a full grasp of your savings and how much of it is going through needs and wants. But sometimes you don’t have full control over your daily life and sometimes you need financial assistance for emergencies. If you are looking for a secure and trusted loan app, JuanHand got you covered. With JuanHand, you can borrow up to ₱50,000 with only a 0.025% daily interest rate.
Your loans are also safe because are compliant with the Securities Exchange Commission (SEC), National Privacy Commission (NPC), and the Anti-Money Laundering Council (AMLC). In terms of loan payments, you have 9 months of repayment terms which make it manageable and easy to handle. Lastly, unlike traditional lending, under JuanHand you only need 1 Valid ID and you can get approved as fast as 5 minutes. If you need a Helping Hand on your upcoming expenses, JuanHand is here to lend you a Helping Hand in times of need.
5. Trust the process
Financial preparedness is an ongoing process. It starts with the planning and you execute with discipline for a bright future ahead. There are some adjustments but remember to always push to be a better version of yourself. Your money is not infinite and it should be managed properly and efficiently. Only you have that kind of power, even the initiative to protect and make it grow. Believe in yourself that this could be done and sooner or later you will reap the fruits of your labor.
Financial stress is a part of life; how we handle it is up to us. Will you allow it to catch you unprepared, or do you have a plan in place to minimize its effects because you have taken steps to protect yourself? Planning ahead of time the things you look out for and taking proactive measures in dealing with your finances is a huge advantage to make yourself secure from uncertainties and emergencies.
