We all know opening a banking app can cause a pounding in your chest. What numbers are going to be on the screen when it loads? How much have you spent this week? You always expect something bad, and that can stop you from keeping an eye on your cash flow.
That’s why it’s key to take that panicked feeling out of money management. You can have better control over your money without needing a huge savings pot and the thickest skin in the world!
Create a Financial Check Routine
With a routine to follow, you won’t be obsessively checking your bank account, nor will you ever check it. You’ll find a healthy middle ground and be able to manage your funds without losing your mind.
So, keep the checks to maybe once a day or twice a week if you’re feeling really bad, and make sure you’ve got app notifications turned on to track when things come in and go out.
Track Incoming AND Outgoing
Speaking of tracking finances, you should also do this on paper. What do you make in a week or get paid at the end of the month? Then, what do your bills cost, and how often do they need paying?
Mark the two against each other (or go for an average if it differs) and find your financial bottom line. Once this is done, whatever is left is your disposable income, which might even be a greater amount than you expected!
Scams Don’t Have to Be a Disaster
When you realise you’ve been scammed, the feeling is overwhelming. What happened? How could you fall for it? What damage could the scammer do with your details? All of these questions are common and can lead to a mental spiral.
However, scams don’t have to be a disaster when you’ve got a Fraud Solicitor on your side. Be sure to talk to one if you’ve been a victim; doing so could make all the difference in getting your money back. And remember, anyone can fall for a scam – they just need to hit you at the right time and place.
Forgive Yourself for Past Financial Woes
You made a mistake with money in the past, and now you don’t trust yourself. Is that smart? Of course not! But you can’t quite stop the panic from mounting when things are left in your hands, can you?
It’s a common problem amongst the current generation. If you’ve ever been in debt, you might hate yourself for needing to use a credit card again, despite this being a normal, regular daily thing.
But if you work to forgive yourself, the emotions surrounding money management won’t be anywhere near as powerful.
Money management panic should be a thing of the past. Get a routine, educate yourself, and forgive yourself for making mistakes. That’ll get rid of panic!