Welcome to Week 6 of the Stress Management Email Series!

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9 WAYS TO TACKLE FINANCES: OVERCOMING MENTAL OBSTACLES 1. Narrow Your Choices. It’s too easy to allow the fear of making bad choices keep you from making any choice at all. Remember: You don’t have to make the “right” choice or “final” choice, just make a choice to act. 2. Ditch Your Defeatist Attitude. The trick to this is to find a way to believe that somehow, even in the most difficult of circumstances, there is hope. Simple things like making a gratitude list or visualizing yourself free of financial stress can help you feel more hopeful. 3. Stop Rowing in Circles. Picture each household as a boat. If you’re on your own, you’ll have to pull your own weight. If you have a family to support, having someone can make it easier or harder depending if you’re on the same page. Make a list and put check marks next to the items you both agree upon and question marks next to items for compromise. This will make it easier to make a budget to agree upon.
9 WAYS TO TACKLE FINANCES: BUDGETING 4. Make a Budget and Stick to it. In simple terms, put your income at the top and deduct expenses. The amount left over is what you can spend on other things, such as reducing debt and increasing savings. Having a written budget gives you confidence in your personal financial strategy. 5. Cut Expenses. With the right attitude, this can be fun. Have the family split up at the grocery store to see who can find the biggest bargain. Sticking to your written budget will help you cut out the things you don’t really need to spend money on. 6. Get Rid of Debt. This should be your number one priority. Certain kinds of debt (mortgages, student loans, etc.) can be good in that they can build your credit rating. You may be able to cut costs by restructuring your “good” credit loans at lower rates. “Bad” credit – credit cards – however, the only solution is to pay it off as quickly as possible. To accelerate debt reduction: consolidate balances onto the lowest-interest card possible, always pay more than the minimum balance and pay the most off the credit card with the highest interest rate.
Page 1 and 2: WELCOME TO WEEK 6 OF THE STRESS MAN
Page 3: TIPS ON HOW TO DEAL WITH YOUR FINAN
Page 7 and 8: FINANCIAL STRESS AND YOUR RELATIONS
Page 9 and 10: INSTANT STRESS BUSTERS Lie on your
Page 11: ADDITIONAL RESOURCES http://www.ny

Welcome to Week 6 of the Stress Management Email Series!

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