Dollars And Stress: How To Beat Worrying About Money

The average individual worries 63 percent of the time about money. That number seems fairly low when you consider all of the other neighboring statistics about money.

Less than half of the population has any money saved at all, in the form of a savings account. And the average credit card statement or money owed to unsecured debt is around $20,000.

That simply doesn’t translate in a good way whatsoever.

With all those numbers swirling around, you’d think that the worrying about money percentage would be more like 99 percent, but for now, it’s just a tick under 70.

That being said, the worrying about money can get to you, and that never is a good thing when you think about stress, money and how it affects you.

While some have the mentality that they’ll just “not worry about it” or take a “whatever” approach, that’s just not you. The stress of it all is hard to handle, but thankfully money doesn’t have to take hold of your life completely.

There are ways to manage the stress, and it starts with one simple, keyword.

Budgeting.

Granted, you’d think that less stress about money wouldn’t focus or center on a word that is synonymous with money, but having a budget means the world as far as how you relax and not worry about money.

How’s that possible, you ask? Well, for starters, when you have a budget, one that works, you are effectively and efficiently accounting for everything you spend, so there are no surprises when the bank emails you about an overdrawn account.

The key to the budgeting process as it relates to stress is making sure you have a budget that works based on your income. Far too many individuals budget and then wonder why they don’t have any money leftover, and most of the time it means they forgot something. And then in some situations, the budget is so tight with barely breaking even that you never enjoy your money or hard work.

That’s when you put a $100 aside every month to have fun and spend. If you don’t have an extra $100, find it somewhere, even if you have to cancel your cable or change phone providers, buy second-hand clothes or rent movies for a dollar instead of a $10 movie ticket stub.

There are always ways to work around budgeting and the stress of money. Being able to be creative with your spending always helps but so does not being so rigid that you never bother to try to get your financial situation right.

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