Life can get pretty stressful without adding finances into the mix.
Many things can happen to cause financial strain in your life. Unfortunately, these often happen when you are already overwhelmed with other stresses. At Harris-Courage & Grady, we’ve helped over 10,000 Upstate New Yorkers escape their financial strain, and we want to help you too.
Step 1: Map Out a Plan
The traditional name for a plan for your money is a budget. A budget is the best way to relieve financial stress. Living within a budget puts you in control of your money, instead of your money controlling you.
You must know how much money you have, and where it needs to go. For example, you can’t spend your rent money paying a collection caller, or you won’t have a place to live. A budget allows you to use your money wisely instead of giving it to whichever expense is the loudest in any given moment.
Step 2: Ask for Help
Mapping out a budget will tell you if you can escape your financial burdens on your own, or if you need help. If you can’t afford payments on your debts, bankruptcy can eliminate them for a fraction of the cost of paying them back in full. A free, confidential, no-obligation call to our office can help you decide if bankruptcy is right for you.
Step 3: Find Ways to Save
Very often, people get into financial trouble because of circumstances outside of their control. However, choosing to adopt good habits can help you overcome your financial bump more quickly. Once you have created your budget, see if you can reduce your spending in any of your expense categories. It may be as easy as packing your lunch once a week. Look for more easy ways to save money here.
Step 4: Find Ways to Earn More
Pinching pennies isn’t the only way to relieve financial strain. Extra income can also get you where you need to be. Try turning a hobby into an income. You may be surprised at all the things people will pay you to do. Try one of these easy ways to earn money from home.
Follow these four steps and you’ll be out of your tricky financial spot before you know it! We’re here to help you along the way.