3 ways to de-crease money stress!

Money! Taste that word!

Did you get a positive or a negative feeling? Or maybe both at the same time? Money is a big stressor to many people. Most people feel and think they have to little and it is a life-long struggle to keep the inflow in line with the needs for the outflow.

Today we will look at 3 ways to get control. It is not about a quick fix but some things that will be rewarding in the long run.

Have your finances under control?

You have heard it before and I will say it again  – you have to first know where you are to be able to go where you want! It is that easy – and also that hard! And it is exactly the same with your finances.

Here we go:

1 – Start doing a Cash Flow Chart . Write down everything – yes everything you spend – and earn – for a full month. When I say everything I mean everything including spending for snacks, tips, cigarettes etc. Don’t forget to include costs you have on automated withdrawal too. This will give you a clear view of your money flow. It will also make you aware of your true doings.

When the Cash Flow Chart is done for at least one month you can take a good look at it and it will be clear to you where your money flies in and out. Now it is time for the next step.

2 – If you add all up from exercise 1 and multiply by 12 you get what you spend and earn in a year. Well that is not the total truth, you need to add on all your fixed costs that are paid other months too to get the one year figure. And of course also income that does not come monthly has to be added.

Take a good look at those figures. Do you like what you see? Is this how you want to spend your money? Are you happy with the inflow? Is there something you want to change?

This is the time to write a budget for the year ahead. A budget is a plan – it is not the truth. Some of the things in your plan have to be there – they are constant costs like rent, heating etc and they are not easily changed. But other things can most certainly be increased or decreased – depending on your choice. What do you want to spend your money on? If you make your budget plan according to what you want it is easier to get these things done. Because you do what your mind is full of.

Now that you have some control of where your money goes and what you need to change it is time to think of where your money comes from.

3 – Where does your money come from? Do you have a paid job? Do you like your job? Do you have other income? Is it temporary or on a regular basis? Would you like a change? It is time to look at the pros and cons of your current situation. Too many people stick to their current situation in a job they don’t really fancy just out of laziness. The “I know what I have but not what I get” mentality. It is really worthwhile to think this over.

Recently I was at this very interesting Forex event. It was a good friend, Hither Mann, who held it and she says anybody can do Forex. Seems far out for me but I will definitely give it a try even if it is a place I never even considered possible for someone as far away from that world as I am. You can read more about Hither´s work here  . Of course I will have to learn more before I can get going but when I am there I will have a stream of passive income with very little effort. That will give me more time to do all the fun work with Stress Management and help more people.

I can also recommend my mentor John Lee´s programs where he talks about financial freedom – go here to register – 

To summarize – take a look at what you have/where you are – think of where you want to be – and get going!

What is your next move? Please share in the comment field.

If you are ready to take more than the financial issue in your life from chaos to calm, click this link to read more about my life-changing book, and you can also get your own copy here.  

To your success – and keep smiling!

Dr. Annika