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4 Ways to cut your financial stress now


With the end of financial year can come some financial stress for many and lets face it many are experiencing financial stress whatever time of year it is. Stress can be a terrible thing for us because it can affect our mental, emotional and physical being and in some cases lead to serious illness. I’ve created 4 tips for you, your friends and your family to focus on right now.

1. Change Your Attitude & Approach

We’ve all been there before; the bills are falling behind, the car broke down – anything and everything seems to be piling up. It’s like nothing is going right and you’re never going to get out of the cycle you’re in. You’re caught in the negative cycle and it needs to end. Change your attitude and focus and make the commitment to yourself to make better financial decisions.

2. Make a Budget and Stick to It

A budget doesn’t have to be difficult, yet thousands of people struggle to create one – and stick with it. Start by noting your mandatory expenses and follow through with some of the more variable items that can shift and change depending on the cash. Once you’ve created a viable budget — stick to it. If need be share it with someone else so that they can guide and help you.

3. Stop Spending!

Look through your budget and see if you can find a few areas to reduce expenses. This can be as simple as limiting fast food or reducing the pay TV package you have. Cutting back doesn’t mean giving up countless amenities you’ve used to – it simply means removing items from your budget you no longer need.

4. Pay Down Your Debt

This is something I get my clients to do straight away. Making minimum payments on your credit card is important if you want to maintain a decent credit history, but it’s going to take a long time before you get rid of the debt for good. Make a plan to replay a larger portion of the card’s balance – working to add a chunk of money to one card until it’s paid off. Then move to the next one.

As a qualified and experienced Financial Adviser, I have helped hundreds of people just like you find financial freedom. Why don’t you contact me today and I can show you how I can help you make the right financial decisions for you and your family. Call me today 08 9286 6111.

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