Stressed out about your financial situation 이나즈마일레븐 스트라이커즈 다운로드? Metropolitan shares their advice to help you reach financial wellness.
The link between stress and illness is well documented, and studies show that prolonged financial stress can impact your mental and physical health. It’s time to remedy your financial situation, starting with these top financial wellness tips – from Metropolitan.
Nurse your Financial Wounds
Step 1: Get a clear picture of your finances
Take a close look at your current financial commitments, like your income, credit and expenses. Be creative about ways to start working better with your money. If you find that your expenses regularly outweigh your income, you need to establish – and stick to – a monthly budget. Look online for a free budget application you can download, so you can see exactly what you’re spending your money on.
Step 2: Highlight any problem areas
Once you have a clear overview of your finances, you can start identifying what you need to fix. Start by fixing the things that will give you the most impact first, for example switching to a savings account that gives you a better return. This will help keep you motivated to make more positive changes.
Step 3: Clean up your debt
The rule is simple. You earn interest on savings and you pay interest on debt. Flip the scales to start earning more interest and paying less interest on debt. Do what you can to repay your debt instalments sooner, even if you’re only paying a few extra hundred rand a month. What’s important here is that you don’t miss any repayments, as this can end up costing you more. If you find that you can’t get on top of your debt, apply to get professional help for debt consolidation.
Step 4: Find your money balance
Work towards finding a healthy balance of income and expenditure, and build a good credit record. A realistic monthly budget will enable you to manage income and expenditure, so you can see where your money is going and where you can start saving. We strongly recommend that you only take on credit agreements and financial obligations if you can comfortably afford to make the monthly repayments.
Your Journey to Financial Wellness Begins Now
Once you start taking your first steps towards working smarter with your money, you are well on your journey to financial wellness. And not only will your finances start to look better, you’ll start feeling better too!
This post is brought to you by Metropolitan Retail.