Financial stress is everywhere.
If you’re not using your own money, you’re probably not getting enough out of your 401(k) and IRA.
But how do you manage your money when your finances are going down?
Here are five tips to keep up. 1.
Get rid of your overdraft fees and credit card bills.
“I had a few overdrafts, and I was spending way too much on credit cards,” said Ashley.
“There’s no excuse for that.
When you have to make up your living with credit cards, I had to pay out of pocket.”
Ashley, who has a bachelor’s degree in finance and is a registered nurse, says she has used the $600 credit card to pay off $2,000 of her student loans, and she’s been able to refinance her $1,000 credit card for $1 per month.
“It’s just so much more sustainable to have the money sitting in my bank account,” she said.
Learn how to use your credit card and overdraft-free savings accounts.
“The big thing is to get out of paying for credit cards and make a savings account,” said Lauren.
“You can use your existing credit card as a way to save for retirement, but you can also use a bank account or a savings plan.”
When she first started saving for retirement she was surprised to find she had no money left over to cover her bills.
She realized she didn’t have the cash to pay for her rent or groceries, and her family needed help with groceries.
“So we decided to get together with our kids and we started working together and making it happen.
That’s what it’s about.
If it was me and my kids working together, I probably wouldn’t be able to do it,” she added.
“We’re working with a credit card that has no fees and a lot of features.
It’s like we’re in a bank that’s really good at making money.”
Ashley also found that the credit card was much easier to use for her finances because she was using the same cards for every purchase.
She also found she was saving $2.50 a month, which was a big step for her, because she’s always had to worry about her spending and budget.
Understand how much money you need to live comfortably.
“Most of the time, you can’t really afford to be living like a $3,000-$5,000 per year person,” said Jennifer.
“What you need is to have your own budget, but then, you also have to budget for how much you can afford to live.
It can be difficult to figure out how much to spend, but I’ve found it’s easier to be budgeting for money and how much I can afford, than how much my family can afford.”
Ashley says the only way she’s able to save is by living on her own.
“That’s what my goal is, and it’s not about getting rich, it’s just to have a good lifestyle and be happy with that,” she explained.
“Because when you have a family, it can be really difficult to save, so I’m not trying to get rich off my kids.
I’m trying to have fun, but also make a good living for my family.”
Learn about the financial plans you can use to help save money.
“As a new mom, it was really hard to figure things out because I was always juggling my family, my student loans and my credit cards.”
But Ashley’s mom, who works in a health care setting, says the best way to keep her from making a huge mistake is to learn how to plan ahead.
“For a new parent, it takes a lot to make money.
It takes a bit of time,” she shared.
“Knowing how to budget and save is one of the first things that you need.”
Don’t be afraid to ask for help.
Ashley says that for some people, they need to be in charge of their finances.
“They’re usually the one that’s struggling the most because they have the least money,” she told Mashable.
“If you’re struggling with money, if you need help, just ask for it.
Just go get it.”