Saturday 20 November 2010

Leaving the stress of your finances aside

Too much debt, not enough money, kids, marriage and the list can go on. There are a lot of reasons that you may be feeling some financial stress. It is one of the largest stressors on relationships. When you are stressed out it affects other aspects of your life. You may have a hard time concentrating on work or completing tasks at home or focusing on your relationships because you have the financial stress hanging over your head all of the time. If you can reduce your worry, you will be able to focus more on your life and relax knowing you have a plan that can help you handle your financial situation. There are a few things you can do now to relieve your financial stress and make it easier to function every day.

An emergency fund is a money you have set aside to cover unexpected expenses and financial emergencies. Although a car repair can be expensive and stressful, if you know you can tap into your emergency fund to cover it, a lot of the stress will go away, plus in many cases you will be eligible for bad credit loans. It is also easier to use the money in your budget the way you planned if you know you have the extra money in the bank ready to cover the unexpected emergencies that may crop up. You should have at least $1,000 in the bank until you are out of debt and after that, you should work up to about six months of your expenses.

Building an emergency fund may seem overwhelming at first, especially if you are struggling to make ends meet each month. Start by putting a $100.00 in the bank for each paycheck, and any leftover money you have in any category at the end of the month so that you can build up your expenses. You may also consider selling a few items to build up that cash as quickly as you can. You will be surprised at how quickly the stress goes away when you have that money in the bank. Meanwhile, you can start building your finances with a payday loan. Learn more about it at



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    2 Responses to “Leaving the stress of your finances aside”

    1. Ritournelle says:

      What a great read, thank you! Valentino is one of the last members of the jet-set with a touch of elegance and a huge talent. I miss his couture shows and I wonder what he thinks of the current state of the brand that bears his name (a partnership with Gap, really?!).

    2. Cate says:

      It’s great you enjoyed the read – Sometimes i wonder if there is too much text, so it is lovely to get your response. Valentino + Gap ~ a strange marriage!


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