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How to Improve your Finances in 4 Easy Steps

How to Improve your Finances in 4 Easy Steps

Managing your finances can suck. Some days you feel like you’re going broke, and other days you feel like you’re doing pretty well. It can be a roller coaster ride. It doesn’t really matter how much money you have, or don’t have, what matters is your attitude toward your finances. Do you want to improve this area of your life? If you do, it’s going to take some work. You don’t have to be Donald Trump, you just have to understand how the small things you do can lead you to greater overall financial success.

So what do you need to know to improve your financial prowess? Here are a few ideas.

Educate Yourself

My husband passed away 2 years ago. He was a very successful businessman and he handled all the finances. I knew nothing. When he died, my son stepped in to help me manage things, all the while encouraging me to educate myself on financial matters. I had zero interest. I’m a writer, therapist and a radio show host. My excuse was “My brain just doesn’t work well with financial stuff.” The truth is, I just don’t like it, but I still had to educate myself.

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I had to start doing things I never did before, and in the process I felt more confident I could handle things. I had to learn about Mutual Funds, IRAs, stocks, annuities, selling property, buying property, and how to maximize savings.

If I can do it anyone can! Remember, knowledge brings power and power brings change. Educating yourself is easy. My son taught me a lot, but you can read articles, Google topics, take a class, or talk to your banker or an investment person you trust.

Be SMART

Setting goals in life is important. Statistics prove that people who write down their goals are more likely to achieve them.  Using the acronym SMART can help you stay on track.  This means your goals need to be specific, measurable, attainable, realistic and timely. Let’s say your goal is to pay off some debt. Don’t simply say you’re going pay off debt. Make a specific list of who needs to be paid, how much will it cost you monthly, what obstacles stand in the way, and who is going to help you with a loan, a budget, or whatever else you need to make this happen.

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Make your decision to act an informed one. Do your due diligence. Look for something that will provide you with measurable results. If I pay x amount of money to pay off my car loan, in a year I’ll have all that extra money to save. Make sure your plan is attainable. In other words, if you take out a loan to payoff your debt, make sure you can structure the payments so that you can manage them. Be realistic. Don’t bite off more than you can chew, even if you are trying to pay off debts. Finally, everything has its time. If you’re in a financial pinch, realize it may take time to straighten out your finances. You probably didn’t get into debt overnight, and you won’t get out overnight either. Steady the course.

Simplify

Let’s face it, most of us have way too much. If you take an honest look at your life, there are probably things you have that you don’t use, things that are costing you money that could be better used, or invested elsewhere. Take a survey of your bills. Maybe you can cut out cable, stop using credit cards, cancel that gym membership you don’t use, or stop eating out for a while. Maybe you can even sell some stuff on Craigslist and make some money.

Simplicity is an attitude or mindset that begins inwardly and is reflected in an outward lifestyle. We can say we want a simpler life, but unless we’re convinced we need one, cultivating a less complicated life will elude us. A simple life is a free life. It sets money and possessions in the proper place with the proper perspective. It keeps “things,” or the drive for worldly pursuits from ruling over us. It enlarges our capacity for gratefulness and sharing.

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Notice

How is all the stress and disorganization of your financial situation affecting you? You have to identify the problem before you can do something about it; to do that you have to pay close attention to what is weighing you down financially. Start by making a list of what you notice is controlling you, or stressing you out in regard to your finances. Then notice your behavioral patterns in relationship to that stress. What do you do? Do you stress spend? If so, get in the habit of taking 60 seconds before you buy something and ask yourself why you need this item. If you can’t justify it—don’t do it.

How does your financial stress affect other aspects of your life? What do you notice?

Small things like paying attention to how much you spend, versus how much you save, can really help. Survey what you spend on things that add no real benefit to your life. Financial success doesn’t have to mean you become rich, what it means is you are in control, you are stress free, you are comfortable, you are learning and growing, and you are happy!

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Improving our financial status is something all of us should desire. Start today by becoming a noticer. Remember, you don’t have to solve all your financial problems in a day, a week, or a month. It’s all about moving forward with a solid plan and specific goals.

Featured photo credit: Bing images via bing.com

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Rita Schulte LPC

Licensed Professional Counselor

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Last Updated on June 13, 2019

5 Fixes For Common Sleep Issues All Couples Deal With

5 Fixes For Common Sleep Issues All Couples Deal With

Sleeping next to your partner can be a satisfying experience and is typically seen as the mark of a stable, healthy home life. However, many more people struggle to share a bed with their partner than typically let on. Sleeping beside someone can decrease your sleep quality which negatively affects your life. Maybe you are light sleepers and you wake each other up throughout the night. Maybe one has a loud snoring habit that’s keeping the other awake. Maybe one is always crawling into bed in the early hours of the morning while the other likes to go to bed at 10 p.m.

You don’t have to feel ashamed of finding it difficult to sleep with your partner and you also don’t have to give up entirely on it. Common problems can be addressed with simple solutions such as an additional pillow. Here are five fixes for common sleep issues that couples deal with.

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1. Use a bigger mattress to sleep through movement

It can be difficult to sleep through your partner’s tossing and turning all night, particularly if they have to get in and out of bed. Waking up multiple times in one night can leave you frustrated and exhausted. The solution may be a switch to a bigger mattress or a mattress that minimizes movement.

Look for a mattress that allows enough space so that your partner can move around without impacting you or consider a mattress made for two sleepers like the Sleep Number bed.[1] This bed allows each person to choose their own firmness level. It also minimizes any disturbances their partner might feel. A foam mattress like the kind featured in advertisements where someone jumps on a bed with an unspilled glass of wine will help minimize the impact of your partner’s movements.[2]

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2. Communicate about scheduling conflicts

If one of you is a night owl and the other an early riser, bedtime can become a source of conflict. It’s hard for a light sleeper to be jostled by their partner coming to bed four hours after them. Talk to your partner about negotiating some compromises. If you’re finding it difficult to agree on a bedtime, negotiate with your partner. Don’t come to bed before or after a certain time, giving the early bird a chance to fully fall asleep before the other comes in. Consider giving the night owl an eye mask to allow them to stay in bed while their partner gets up to start the day.

3. Don’t bring your technology to bed

If one partner likes bringing devices to bed and the other partner doesn’t, there’s very little compromise to be found. Science is pretty unanimous on the fact that screens can cause harm to a healthy sleeper. Both partners should agree on a time to keep technology out of the bedroom or turn screens off. This will prevent both partners from having their sleep interrupted and can help you power down after a long day.

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4. White noise and changing positions can silence snoring

A snoring partner can be one of the most difficult things to sleep through. Snoring tends to be position-specific so many doctors recommend switching positions to stop the snoring. Rather than sleeping on your back doctors recommend turning onto your side. Changing positions can cut down on noise and breathing difficulties for any snorer. Using a white noise fan, or sound machine can also help soften the impact of loud snoring and keep both partners undisturbed.

5. Use two blankets if one’s a blanket hog

If you’ve got a blanket hog in your bed don’t fight it, get another blanket. This solution fixes any issues between two partners and their comforter. There’s no rule that you have to sleep under the same blanket. Separate covers can also cut down on tossing and turning making it a multi-useful adaptation.

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Rather than giving up entirely on sharing a bed with your partner, try one of these techniques to improve your sleeping habits. Sleeping in separate beds can be a normal part of a healthy home life, but compromise can go a long way toward creating harmony in a shared bed.

Featured photo credit: Becca Tapert via unsplash.com

Reference

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