A Clean Financial Slate Is A Clean Headspace

You might have heard people say that a cluttered house leads to a cluttered mind. Well, the same goes for your finances. So, if you want to stop worrying about money then here are some suggestions to help you clean the financial slate and your headspace.

Sort out your regular expenses.

The best way to clean your financial slate is to sort out your regular expenses. Get back to the drawing board and think of smarter ways to spend your money. You don’t have to make cutbacks, however. Think about your groceries. You could use vouchers to save money or start growing vegetables in your back garden so you don’t need to buy them anymore. You could keep your house just as warm by insulating the windows rather than turning up the thermostat; that’d reduce your energy costs. You should also think about the monthly bill you face from your current phone provider. You might want to check out Boost Mobile phones for prepaid plans as opposed to postpaid plans. You could save yourself a lot of money and still get the same coverage. At the end of the day, that’s the key to sorting out your regular expenses. It’s about finding ways of buying the same things for less money. If you do your research then it’s easier than you think.

You might also want to start using financial apps to help you keep your monthly expenditures organized. If you struggle to maintain a clear and structured budget then this could be the perfect way to ensure you spend within your means. You wouldn’t have to worry about getting the math wrong. Additionally, apps can help you spend your money more wisely too; investment opportunities are always worth pursuing if you want to improve your long-term wealth. It’ll give you additional income on top of your existing salary. But we’ll talk more about the financial “long game” in the next point.

Think about the future.

Obviously, every financial decision you make has an impact on your future, so that’s probably always in the back of your mind. But if you want to really tidy up your finances and feel more confident about your money management then you should always be thinking about your financial security in the future. You might have a grip on your financial situation in the present day, but are you setting aside enough money for your retirement or whatever other expenses lie for you? You might think it’s too early to start thinking about that, but it’s never too early to start saving up. The sooner you start, the more wealth you’ll have acquired for your first house, a college fund for your kids, or even your retirement. If you’re still in your twenties then those ideas might hurt your head, but you’ll thank yourself for making preparations early in life.

You should also think about aspects of the future you can’t control. Starting a pension for your retirement is a safe and well-considered decision to make because you know you’re going to retire one day. But what about the costs that you can’t predict? Everybody faces unexpected hurdles such as car breakdowns or household damage. If you’re not prepared for those costs then it can end up taking a huge chunk out of your earnings and messing up your well-planned budget. So, your budget should always account for the unexpected. You should frequently set aside some of your savings for miscellaneous expenditures. You can call this your emergency fund.

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3 Tips for Saving Money.... and Boost your Well-being at the Same Time

Money is, by all accounts, one of those things that you just never feel like you have quite enough of. At the same time, however, there are all kinds of things in life more valuable than money. Our personal well-being is one of those things. If you can go through life relatively happy and stress-free, you’re likely to have the envy of a large number of the people you meet on a daily basis, who haven’t yet cracked the secret.

If, however, you could improve your own well-being while simultaneously saving a bit of money, that’d be the cherry on top, wouldn’t it?

Here are a few tips for saving money and boosting your well-being at the same time.

Workout outside in nature

Research has found, consistently, that people who spend more time outdoors in nature are happier, healthier, and have a better overall experience of life, than those who either stay indoors or remain surrounded by concrete, glass and steel for the majority of their lives.

In fact, one amazing study even found that people recovering in hospital would recover faster and maintain better spirits, if they could see a single tree from the window of their room. Nature is a big deal, and it seems to have a lot of power to improve our quality of life. Luckily enough, nature is also, for the most part, free.

Regular exercise is another one of those lifestyle activities which has been shown time and time again to boost health, happiness, and energy. 

The logical conclusion here is pretty straightforward — cancel your gym membership and enjoy more of your workouts outdoors, in natural environments. Your local park can be a great option.

Use financial management apps

Money management is probably one of the all-time leading causes of stress out there, and money mismanagement is without a doubt the leading cause of financial waste and economic misery.

Anything that you could do which would enable you to handle your money, better, and with less stress, would have the potential to be a serious game-changer.

Financial management apps are that game-changer. Personal budgeting software like YNAB can save you from spending your paycheck absentmindedly, while a good personal capital app can help you to invest wisely.

Sell your old outfits before buying new ones

This tip isn’t strictly for everyone, and it’s not necessary to get rid of all of your old outfits. Obviously you’ll likely have classic or useful clothes which you’ll want to hold on to.

Nonetheless, however, selling your old outfits on eBay before buying new ones can free you from a mountain of stress and irritation, while also saving your bank account a lot of strain, for a couple of straightforward reasons.

Firstly, selling your old outfits will limit the number of clothes you have at any one time, which will also reduce some of the anxiety that comes from struggling to choose what to wear.

Secondly, selling your old outfits will help to raise money for your new ones, and you won’t just be caught in a constant consumer cycle.

 

What are your go-to tips for saving money?


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