For alot of people money means stress, whether it’s because you can not afford your bills or maybe its just because you can’t have the luxuries in life. Ironically scientific research suggest having enough money to buy luxuries doesn’t help relieve stress or bring happiness, would having an endless supply of money bring you happiness?

Money may not bring happiness but it would definitely bring piece of mind and relieve stress. there are many free and easy ways to save yourself money each month, by saving yourself money you can also help keep your emotional state under control and generally live feeling better about yourself. So lets get started and use these steps to relieve that money stress!

Understand your financial situation, making a plan.

very often financial stress is caused because of a lack of information or wrong information or most typically because of both. Unfortunately most often the people who lack financial knowledge are those with the biggest money stresses, there are a few key facts everyone should know when it comes to finance. 

Interest rates- When loans are considered (mortgages, pay day loans etc.) there are typically two types the first one being “fixed rate”. Fixed rate means exactly that the % interest will never change this can be a real benefit if you feel interest rates will start climbing in the future and will save you money just by choosing the smartest option. The next type of interest is called “balloon rate” in contrary to the fixed rate the % interest will fluctuate, this may sound worse but there is always another side if interest rates plummet you won’t be stuck paying twice the % interest on a fixed loan.
What goes in what goes out- First start of by calculating everything that goes out of your account. Once you have a total sum of what needs to paid out do the same for what comes in, if what goes out outweighs what is coming in you will need to check if there is any non critical expenses going out which could be removed. As well as removing non important expenses, you could also check interest rates on any loans or credit cards to see if you could transfer your provider and get a 0% balance transfer to help cut what you currently pay interest on which would allow you more time to pay it of without getting further into debt.