Know how to manage finances so you don't get stressed

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Know how to manage finances so you don't get stressed
Know how to manage finances so you don't get stressed

Dizzy thinking about your savings that are running low, even though your payday is still long? Well, you need to know how to manage your finances so you don't get stressed. By managing your income better and wisely, you can feel calmer

A study shows that there is a link between financial he alth and mental he alth. Worrying too much about financial problems can actually increase the risk of stress.

Get to know how to manage finances so you don't get stressed - Alodokter

Not only stress, anxiety due to financial problems can also lead to loss of appetite or overeating, insomnia, to the risk of mental disorders, such as depression and anxiety disorders.

Like a domino effect, these he alth problems can later have an impact on work productivity and over time can affect your income. One solution is that you must be able to manage your finances well.

How to Manage Good Finances

The following are some steps you can take in an effort to manage your finances so you don't get stressed:

1. Make a list of expenses

Record every expense for one month. Write down how much money you need to spend on groceries and household needs, transportation, to monthly bills such as electricity, internet, telephone, children's school, house installments, vehicle payments, or credit cards if any.

2. Allocate salary correctly

When receiving salary, immediately allocate salary based on needs and bills for a month. After paying all bills, set aside 10% of your salary for savings.

Also set aside 3–6 times the amount of monthly expenses for an emergency fund. The rest, you just use for recreational funds, such as traveling or just watching at the cinema.

3. Change the money deposit system in the bank

To prevent it from being easier for you to withdraw money from your savings account, use a time deposit or other method of saving money that requires you to wait a certain amount of time or reach a certain amount of money before you can withdraw the funds.

4. Limit spending on out-of-budget spending

Avoid buying things that are not needed or are out of budget. This can be done by leaving your debit and credit cards at home. Try to only bring cash according to the required budget to avoid shopping impulsively.

5. Reduce expenses

Limit or reduce spending by not using a credit card and cutting some expenses, such as closing the installments for expensive cars and luxury goods.

Changing wasteful living behavior also needs to be done by not buying things that are not needed or replacing household products with cheaper brands.

If your financial management is he althy, your mental he alth will also be more awake and vice versa. Therefore, be smart about managing your finances so that you always avoid the risk of stress.

If you are having problems managing your finances to the point where you feel stressed, don't hesitate to consult a psychologist and financial planning expert to get the right solution.

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