Financial habits worth making

Are you suffering from financial stress? Signs may include arguing about money, mood swings, depression and difficulty sleeping. In a report conducted by AMP Financial, more than 1.8 million working Australians are dealing with financial stress. Financial stress can stem from: Not developing good financial habits as children Lack of education on how to save money Inability to find work Living beyond one’s means But it’s never too late to develop good financial habits. Keep reading to discover how you can reduce your financial stress. Learn to pay attention to your spending habits The most common mistake people make with their finances is not knowing what’s incoming and outgoing. How many of you ever take a close look at your bank statements? It may be somewhat of a surprise to discover how much you’re actually spending. All those streaming services and long forgotten apps soon add up—$9.99 here, $6.00 there. It doesn’t seem like much when you first sign up. Don’t forget to count the nights where you couldn’t be bothered cooking and opted for Uber Eats, or the designer boots and clothing you purchased on After Pay, or the gym membership you’ve been meaning to cancel but haven’t. There is little wonder as to why so many people are living payday to payday. Our financial experts recommend auditing your bank statement. Use a highlighter to mark everything you’re not sure of, or anything you no longer use and cancel them! You don’t need all TV streaming services, so pick your favourite and change them… Read More