How to Navigate Difficult Times While Maintaining Financial Security
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We’ve all experienced stress and difficult financial times, and it can be really hard to keep a level head when you’re struggling to juggle the bills! Being and feeling stable when it comes to money can make a huge difference to your mental health and wellbeing, so it’s important to feel as in control as possible when it comes to your money…
Ideas to Help With Financial Woes
Here are some ideas to help you through the tough financial times. Some of them might sound scary, but they are important to those who are really stressed financially.
- Sign up to a local food bank
If you’re struggling for food, make sure you are signed up to a local food bank for those desperate times. This shouldn’t be experienced by anybody, but the truth is, it is happening to thousands of people and we need to be aware of the resources close to home. Hopefully one day this won’t be a necessity, but for now, know it exists and use it.
2. Consolidate debts
Consolidating your debts can help reduce outgoings and also help you focus on one monthly payment instead of many. You can go here to find out more, and please remember to seek help if you are worried about your financial situation.
3. Savings
This one is essential for forward and future planning. Popping a little bit away each month will mean you have back up cash if things go wrong. Anything can happen at any time, and having a stash of cash to help can make all the difference.
4. Ask for help
Don’t be afraid to ask for help. Friends, family, even setting up a Just Giving page are all perfectly fine ways to raise cash when you’re in a sticky situation. The world is (hopefully) becoming a kinder place, and the power of social media is strong. It can be scary making the leap to ask for help, but there’s no shame in asking for support.
5. De-Clutter
Places like Vinted and Ebay can be a great way to clear out and make some money. It can also be a way of taking your mind off an uncontrollable situation, which sounds odd, but worrying 24/7 won’t be good your mental health either.
6. Balance
If you’re struggling with personal issues and still need to work, see if you can cut back on hours and talk to your boss about your circumstances. If you’re self-employed try to balance your week without overdoing it workload wise. Take time to deal with what’s going on in your personal life and when things get too much, allow yourself to walk away and regroup.
Whatever the situation, it’s important to remember that it won’t last forever. Asking for help and support along the way is also nothing to be scared of, and making sure you take care of you is the number one priority.
Do you have any tips on remaining financially stable when life is difficult? Let us know in the comments…
