On a day to day basis, personal and home finances can seem larger than life itself. In many cases, individuals and couples find themselves stressed over concepts and practices of finances, something they’re more often than not just expected to understand. What most of these stressed out individuals don’t realize, is that there’s always a solution or method to solving their financial issues. There are many ways to reduce this financial stress, aside from living within your means, look into the following options:
Seek Professional Advice
Hiring a professional, whether it be an accountant, financial advisor, or wealth manager, can be a great asset when stressing over finances. Having some else to explain the concepts and practices of your personal finances, and give you advice as to your best options when moving forward, will help you to feel safe and secure in your financial choices.
Take Advantage of Technology
Much of our personal finances today can be automated by technology, and this can be great for relieving stress and saving time. Many banks now allow you to deposit cheques virtually, transfer funds, make e-transfers, and allow for automated payment on monthly items such as insurance and household bills. In setting yourself up for success, track when each automated payment is scheduled to come out of your account, and ensure that this works with your income. Balancing your bills into your lifestyle, without having to worry about manually paying them each month, can be great for those busy individuals and couples alike.
Talk About It
One of the greatest stresses on relationships, whether we like it or not, is money. In order to relieve that stress, make sure you and your partner have an open line of communication when it comes to topics such as budgeting, savings, bill payments, and personal goals. By ensuring that you both are working towards similar goals in your financial lives, you’ll be able to focus more of your time and energy into the other aspects of your relationship. No two couples approach their finances in the same manner, so look into what works best for you.
Have you sold your home, and now can use an advance on your equity before closing day, perhaps you need money for consolidation of debts or a new home deposit? Tembo Financial can help! Tembo offers this unique service to homeowners in Ontario and the GTA. You could receive your money in as little as 48 hours with no credit check and no appraisal* for expenses that matter to you. Don’t wait, start today!
*Subject to qualification.