Everywhere you look there’s a constant push to spend money. No matter what you do you can’t escape it. The latest Windows laptop PC commercial I’ve seen has a clear message; If you’re not buying a new computer you’re an idiot.
When it comes to money, we need to really focus on what we need verses what we want. I created this video after I realized how much money we wasted spending money on pizza delivery and frozen pizzas every month.
Without even realizing it we are under constant attack to spend money. Just one tiny change and my husband and I are saving $600 a year by making pizza at home. On top of that we save another $1000 a year by canceling our TV subscription and yet we still enjoy all our favorite TV shows and spend less than $10.00 a month!
Do not fear change – embrace it
Later, when our monthly bills arrive and we see that our credit cards are maxing out and our paychecks are not enough to handle our financial bottom line…
Anxiety and depression can get a solid grip on our emotions and the results can be devastating to our mental, emotional, and physical health.
Get a grip on your financial stress now before it’s too late!
No matter what age you are your health can become seriously damaged by financial stress and worry. Heart disease, headaches, stomach and intestinal issues, cancers, diabetes and many other health conditions can be linked to long-term financial stress.
OK, maybe you’ve heard this before and you’re thinking, “How do I lower my financial anxieties?” “How do I stop feeling guilty and depressed over the stupid financial decisions?”
Depression comes from thinking about our past mistakes and anxiety happens when we contemplate all the horrible things that might happen in the future.
How to Put a Stop to
The first step in lowering our financial stress is to realize we can only manage one day at a time. In other words, yesterday is in the past. Yesterday is our teacher. We can look back on it and use it to our advantage. Rather than looking back on mistakes and kicking ourselves over and over again, we need to be thankful that we can learn from past mistakes.
Now that we have seen the results of making poor decisions, we can make changes that will keep us from making the same mistakes in the future.
Many people will hold off going to the doctor because they are in fear of what they will learn. Just because you avoid a diagnosis doesn’t mean the problem does not exist or will go away.
Yet, that is how most of us want to handle things. It’s just like sticking our heads in the sand. What we don’t see can’t hurt us. Really? We’re not kids anymore. It’s time to sit down and see exactly what we can and cannot afford.
Your past will tell you how much money is wasted on things you don’t need. Take control of your future by eliminating everything in your monthly budget that you can live without. If that hurts too much, think of it as a trial run. No one is saying you have to give it up forever.
Things to consider eliminating or putting on hold: Entertainment, health memberships, and subscriptions. My husband and I no longer have a TV subscription.
We bought a Roku device and subscribe to Netflix. A few years ago we were spending $97.00 a month on our TV subscriptions. We now spend less than $10.00 a month.
Depending on where you live and the location of your local TV stations, you can get free local channels by purchasing a local TV antenna. Some of them have a reach of 50 miles.
If you’re in a contract, you can put your subscription on hold. You can do this for a few different types of subscriptions including your smart phone. Just call your providers and see what they can do to help you out.
Make the call
Almost every subscription or service you have can be negotiated for a lower monthly price. Many times you can stay with your current provider. This goes for “everything”.
You can negotiate lower interest rates on your credit cards and check back with each company as often as every 6 months. Your insurance rates can be adjusted by looking over what is covered and even check to see if you qualify for a lower rate based on a recent upgrade in your driving record.
When you go through your budget and make that call to every single provider you could literally save a few hundred dollars a month even without canceling a service you enjoy. However, before you call be sure you remember the purpose of the call.
Sales reps are really good at making people feel like they are missing out and by leaving or not upgrading you’re going to experience horrible things. That’s their job. To make you stay rather than cancel. The good news is that when you threaten to cancel many times they will offer you a non-pubic program that is much lower than the ones they advertise.
Take a moment to feel good about your new goals
When you remove some of the financial stress by eliminating services you don’t need and or lowering credit card interest rates which help lower your monthly spending, you will begin to feel like you’re making progress.
Take a moment to feel good about what you just did. Remember, depression comes from feeling bad about the past. You can’t change the past, but you can feel good about changing how you behave now. Feel good about how you are making changes and don’t look back.
The only purpose to looking back is to remind yourself you are no longer “living in the past” and repeating those mistakes. Which brings us to managing anxiety.
Have a clear idea of what you can and cannot control
Anxiety comes from looking ahead and fearing what might happen. The fear of tomorrow can eat us alive. It can cause a great deal of anguish that can make it impossible to think, read, or even watch TV.
However, many times we worry and stress over what might happen and those things either never happen or when they do happen, they are not as bad as we thought they would be.
You can influence tomorrow by making sure you make the most of today. However, that is all you can do. You cannot change time. There will always be just 24 hours in your day. Think about what you can control.
And when it comes to your finances, think about the things that are in your control that have in the past gotten out of control.