Two financial experts share their top five tips for managing finances to feel financially welland calmall year long.
Raise your hand if youve ever felt stressed about money.
If youre like70 percent of Americansover the past year, youre probably raising your hand.
And we get it: Managing finances can be a stressful subject, for loads of different reasons.
Additionally, couples can be stressed when they have different patterns and behaviors around money.
Set your goals
The first step to feeling capable and in control?
Stuck on where to start?
Think: What is your motivation for managing your finances?
What are the milestonesbig and smallthat you want to achieve in your life?
Start budgeting
With your goals clearly defined, its time to make a budget.
Start by making a physical list.
Then make a list of what you owe, like your car loan or mortgage.
And, of course a list of your necessary monthly expenses like housing, utilities, and food.
How important is checking that credit score each month?
Pretty important if you ask Lattman.
If youre working on improving your credit health, you might want to check more often.
The main thing is, dont be afraid to ask for help if you need it.
Dont let ego get in the way of you reaching your financial goals.
A total of 619 Discover personal loan debt consolidation customers were interviewed about their most recent Discover personal loan.
All results at a 95% confidence level.
Respondents opened their personal loan between January and July 2021 for the purpose of consolidating debt.
Agree includes respondents who Somewhat Agree and Strongly Agree.
The maximum margin of sampling error was +/-3 percentage points with a 95 percent level of confidence.
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