If you were asked to name the No. 1 thing that can keep you up at night, it’s not some creepy ghost or monster you saw in a movie or TV show, it’s not worrying about your teen’s upcoming driver exam (although we’d understand if it did), and it’s not next week’s checkup at the dentist.
By far, the biggest “freak out at 3 a.m.” topic in the world is money. Or lack thereof.
This financial insecurity can also wreak havoc on your days—worrying about having enough to pay the bills, wondering if you’ll ever save for retirement, and feeling like there is never quite enough money at the end of the month.
If this sounds all-too familiar, you are far from alone. Most people, even those who seem to have their financial ducks in a row, suffer from financial insecurity. Fortunately, you can take control of your money-based anxiety and face your fears through a number of tangible changes and choices, like the following:
First, Figure Out How to Save Money—By Spending Less
If you are financially insecure, a great way to alleviate this issue is by learning to save money. To do this, you will probably have to cut back on your spending. According to financial guru Dave Ramsey, while most people think about cutting back on big expenses like your annual summer trip or selling a car to avoid a car payment, you can actually save a good chunk of change by trimming back on your everyday expenses.
For example, take a few minutes to check the sales flyers at your grocery stores and create meal lists based on what’s on sale that week. Stock up on your staples when they are marked down—try to buy enough to last you until the next big sale. Also, clip coupons or add them digitally to a club card at the supermarket—you will be pleasantly surprised at how these tips can add up. Also, if you have a gym membership, a streaming music service and/or are paying for premium channels you never use or watch, cancel these services and keep the money in your bank account.
Next, Look Into Part-Time Work
After trimming back and cutting your expenses, if your wallet is still not as fat as you’d like, you might need to consider taking on a side hustle. If your financial insecurity stems from issues like credit card debt that never seems to shrink, an emergency car repair or unexpected medical bill, a part-time job is a great way to alleviate your financial anxieties by giving you extra cash to put toward these bills. A great option for a part-time job or side hustle is through a company like Amway—you can become an Independent Business Owner and sell products directly on your own time, earning money while you are at it.
If you are concerned about any Amway scam rumors that you may have heard from ill-advised friends, rest assured that these are far from the truth. Check out the Amway website and read the facts about this highly reputable company and how it is not a scam or pyramid scheme, but rather a well-established company that helps people like you say goodbye to financial insecurity.
Finally, Find a Mentor
Another effective way to face your financial insecurity is to find and work with a financial mentor who can give you solid advice and help you to get smarter with your finances. For instance, you could either consult with a professional mentor like the ones at FinancialMentor.com, you could find a financial advisor, or you could also take note of which of your friends is always really smart with her money, and ask to pick her brain about finances. If she agrees, treat her to coffee and ask what tips work for her and how she manages to always have more money than month left—she may share some ideas you hadn’t thought of, and reassure you that you can say goodbye to your financial insecurity forever.
Financial Security Can Be Yours
There is nothing wrong with being financially insecure. As stated earlier, many people feel this way. What is a problem is when you accept this as a way of life and let your fears control you, instead of the other way around. By taking an honest assessment of your spending and cutting back however possible, your financial insecurity will stop keeping you up at night