Dealing With Money Stress: The Game Plan

Allison Kade
Posted

We know what it’s like to be busy; sometimes, our head runs in circles with so many things we should be doing that we lose track, of, well, what we should be doing.

One bad habit we used to have was going to extremes in the way we checked on our financial life. Sometimes, avoiding our long to-do list turned into checking the stock market compulsively or logging in to see our credit card transactions many times per day, even though we hadn’t made any extra charges. Other times, we’d get so busy that we’d stop checking in altogether, because keeping track of our finances became just another chore on the lower rungs of our schedule. Then, of course, we’d stress out once per month when our bills came in.

Instead of falling into that trap, we want you to achieve a healthy balance that’s neither compulsive nor negligent—and, most of all, not stressful. So, we bring you the LearnVest guide to a healthy everyday thought process around money.

Here’s how we suggest scheduling your financial check-ins:

(generally when you get in for the day or around that 4 pm coffee break)

  • Go through your emails.
  • Open all bank notifications you’ve received via mail or email.
  • Take a quick peek at the financial markets, if you follow them.
  • Don’t let the due date of any bill pass you by; if it’s due today, make well and sure it is paid on time and in full.

  • Browse through credit card transactions online to make sure there’s no suspicious activity.
  • Verify bank account balances so you know what’s in there, in order to avoid overdraft fees.
  • Make sure you have enough cash until the next time you visit the A.T.M., so that you’re never stranded in a pinch.
  • Look over your personal budget to make sure that your spending is on track.

  • Make sure to send in your rent or mortgage payment on time.
  • Look through your credit card bill for any errors. If you find any, dispute them. If there are none, pay in full.
  • Pay bills for utilities, cell phone, cable, internet, etc.
  • Keep up with all debt payments, such as those for student loans.

Tell us in the comments: What kind of organizational system do you use to make your money as stress-free as possible?

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  • Casey

    I make sure that all my to-dos and deadlines are in the same place so that I don’t miss any. Everything goes into my iCal on my computer. Since I have them all in one program that I look at multiple times a day, I don’t let anything slip through the cracks.

  • Casey

    I make sure that all my to-dos and deadlines are in the same place so that I don’t miss any. Everything goes into my iCal on my computer. Since I have them all in one program that I look at multiple times a day, I don’t let anything slip through the cracks.

  • SarahAshley86

    I love using Mint.com. By linking my accounts to their organization system, I get a breakdown of how much I spend on clothing, food, fuel, etc. If your finances are all over the place, Mint is a BIG help in the organization process.

    • Kelser10

      I totally love Mint.com it does help alot because after a month I was able to see where I was spending my money, and I did not like it. I have cut a lot of expenses in half due to it.

  • http://www.facebook.com/profile.php?id=2510906 Hansoul Kim

    mint.com and creditkarma.com have been HUGE assets in my life. thank you for recommending them!!

  • Wendy

    Thanks for the outline–this is the kind of Daily I really appreciate!

  • Maria

    this is great!