Don’t Worry About Money (Tips For Financial Stress Motivation)

do you stress when it comes to money so
many of us our anxiety skyrockets at the end of the month when we’ve gotta pay
bills figure out where our money went figure
out why we don’t have enough it just freaks us out it’s overwhelming well in
this video I’m going to share with you my top tips for dealing with financial
stress so that you can worry less about money and finally start making progress
towards your goals hi everyone welcome back to my channel
my name is Meredith Rines. I am a certified financial planner our budget
strategist a wife and a mom I love helping families learn how to budget
their money effectively so they can finally start paying down their debt and
living a life it always dreamed of on this channel I share weekly videos with
budget hacks money management tips and all-around advice for being a busy mama
so I encourage you to hit that subscribe button so you never miss a new video
today we’re going to talk all about financial stress how you need to stop
worrying about money and the easiest way to do that is following these tips these
tips have helped so many of my clients so many of my readers so many of my
viewers and I really just wanted to break it down real easy for you so that
you don’t have to worry about not worrying about money so let’s jump right
into today’s video tip one is I want you to prepare for the what-ifs and I know
it’s hard to imagine what could possibly happen but when you prepare for the
what-if moment and the unexpected bills then it really does lessen the burden
you have when that actually does come up so for instance what happens today if
you walk out to your car and it doesn’t start and you have to go get a new
battery or you have to go to the repair shop and actually pay someone to fix
your car what would you do could you afford it what if your fridge winner
what if your wash machine went out what if your kid jumps off the couch like all
kids do and ends up hurt and you have to take him to the emergency room what
would you do if that happened would you have enough money in your bank account
to pay for that bill if not then you really really need an emergency fund
these emergency funds are perfect for those what-if moments that we don’t plan
for but we know something sometime is going to happen I recommend that you
have at least a thousand dollars in emergency fund at all times that means
that if you have to pay the insurance deductible if you have to go out and get
a new wash machine or pay repairman to fix your fridge you have money that
won’t interrupt your actual monthly budget you won’t have to spend less this
month because you have the money set aside once you have your emergency fund
built that’s when you can start building your sinking funds this goes great with
those what-if moments so we have a sinking fund category called home repair
home maintenance and then car repair car maintenance we put money a little bit
aside each every month for those moments when our wash machine breaks or we have
to go get a new battery for our car anything and everything kind of includes
that new tires oil changes maintenance that kind of stuff it’s all in one of
those categories so once you have your emergency fund built then you can start
being really prepared because you already know hey at some point I’m gonna
have to get new tires for my vehicle at some point my ten-year-old fridge is
going to go out on me so you’re already building for that so hopefully the goal
is that when that happens you don’t even have to touch your emergency fund
because you’ve already planned for that with your sinking fund and if you don’t
know what a sinking fund is for how it could really help your budget I will
link a video that I did recently where I share the basics of sinking funds with
you so you can check that out I’ll link it in the cards and down below this
video so you can get a good idea of what a sinking fund is all about step two I
need you to create an open dialogue with your partner I’ve talked a lot about how
to get on the same page with your spouse have stopped fighting about money how to
have those money dates and actually make them constructive and efficient so that
you can really make progress but the idea of an open dialogue is just a
benefit for you yourself so whenever something really stressful is happening
maybe you’ve got an unexpected dr. bill that you thought your insurance was
going to cover and now it’s not or maybe your car broke down in the middle of you
know in the parking lot of your and now you’re having to deal with that
how to get it to the repair shop what’s going on with it all those things that
could possibly happen sometimes it’s really nice to just have someone to talk
to about it whether that be a partner or a parent a
friend having someone even have an open dialogue with is really the key to any
kind of reducing your financial stress for instance just having someone to
listen so that you can vent and maybe work out the details together or maybe
you can just work them out by yourself as you’re talking to someone you can
bounce ideas off of them it’s really nice to have someone who won’t judge you
and yet will be logical and realistic when you try to share ideas with them
step three is you need to be forgiving you need to forgive yourself for those
mishaps and those misjudgments and the bad decisions because they’re going to
happen we are all human we all forget to pay bills we all forget you know we
swiped our card here and we forgot about it and now we’re running short and you
know all those things happen it’s going to be inevitable so you need to start
being forgiving you need to start being so harsh on yourself because that’s when
more mistakes happen when you have one mistake and you beat yourself up about
it then more than likely you’re gonna make another mistake and another mistake
and it’s gonna be really hard for you to dig yourself out of that hole so you
need to stop and you need to just realize a mistake has been made and
you’re going to move forward when we talked about the step one is being
prepared and planning for those what-ifs that really helps you when you actually
make a mistake because we know that it’s going to happen we know something’s
going to slip through the cracks we’re gonna get stressed we’re gonna get busy
we’re life’s gonna take over so when you have built in a buffer for yourself with
these what-ifs and emergency funds and sinking funds then those mistakes are
just distant memories you move on a lot faster you bounce back a lot quicker
because it doesn’t disrupt your day-to-day it doesn’t disrupt your month
it just means you to push back a little bit harder but I
want to know what is one area of your life what’s one area of your budget that
really kind of just gives you a little bit of anxiety even thinking about
dealing with it is it your monthly bills is that your debt is it your grocery
bill what is it that gives you a little bit of stress when you start planning
and talking about it comment below this video and let me know now you know how
to deal with financial stress a little bit easier it’s all about being prepared
having someone that you can talk to about it when it actually comes up so
that you can relieve some of that stress and it’s all about being forgiving
forgiving yourself forgiving your partner for giving your family whatever
something happens that is a little bit costly I hope you enjoyed this video and
I want to know if you have an emergency fund if you don’t have an emergency fund
grab my six month guide below this video it is a great go to guide it helps break
down that thousand dollars into a monthly savings target for you and your
family it even has ideas on where you can come up with that money
so fast and so easy grab that guide if you need a little bit of boost when it
comes to your mergency fund

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