How to Stay Sane When You're Going Through Tough Financial Times
We all have to go through the tough financial times at one point or another, and the better prepared you are, the less painful it will be to endure. However, this doesn't make it any easier when you feel like you're being crushed by financial problems.
This post originally appeared on ReadyForZero.
Here are tips for getting through the tough times with your financial life, and sanity, intact.
Believe It Will Get Better
It's important to stay positive
Know Who You Can Trust
If you have a few people in your life you can trust no matter what, they will be a tremendous help during the tough times. Your friends and family can remind you to focus on what's important and they won't distract you into feeling sorry for yourself. The people you trust can be your greatest collaborators to keep you on track, and will give you the motivation you need during the tough times. You also have to trust yourself
Have a Plan Ahead of Time
Since you know tough times happen to all of us, it's important to have a plan for when things go bad, and even rehearse it (like a fire drill). What would you do if your car had major mechanical problems that needed to be repaired? What would you do if you had a sudden injury or illness that required long-term medical care
Preparing for the unexpected ahead of time will enable you to get through the financial ups-and-downs much more smoothly. Instead of making decisions on the fly, you and your family will be prepared to handle all the issues with confidence-and a level head.
Don't Stress Over What You Can't Control
Just as you can't control whether it's going to rain tomorrow, you can't control the economy or the job market. The financial situation within the media and government changes daily, and that's not something you can control. So instead of stressing
Make Things Easier for Yourself
A little organization can go a long way when times are tough. Things like using a budget spreadsheet, an online debt payment tool like ReadyForZero
Place a Priority on Saving
If you've been living paycheck to paycheck and maxing out your credit cards, you know how stressful that feels. But when you have a small emergency savings build up-even if it's only a few hundred dollars-you feel more at ease and are able to tackle any financial emergencies that pop up. Saving
With a little forethought and a little effort now, you can prepare yourself for the tough financial times. If you're already in the midst of tough times, following the tips above will help you overcome these obstacles.
How to Get Through Tough Financial Times | ReadyForZero
Carrie Smith is a guest blogger for ReadyForZero. She's the writer and editor behind Careful Cents, a blog aimed to help solopreneurs and full-time freelancers make valuable connections and grow their businesses.