Coffee and Conversations: Brewing Life Stories, One Post at a Time
Thinking ahead to the future is exciting. But, for many of us, it’s an incredibly daunting prospect, especially if money troubles are keeping them up at night. Losing sleep because you’re worrying about money is incredibly common, but that doesn’t mean you should simply accept it.
There are several ways you can tackle your debt problem and try to resolve your sleep issues, including:
As mentioned above, suffering from insomnia when it comes to money is extremely common, with students to families and even seniors tossing and turning until the early hours. So, with this in mind, read on to discover the most common kinds of money worries.
Debt is a scary thing, and yet it’s something that nearly every adult has. From student loans to credit cards, even payday loans and borrowing from friends and family. Having debt can be incredibly overwhelming, with many adults feeling trapped within a vicious circle of spending and outstanding debts. It’s common to feel a loss of control and that you’ll never climb out of the financial hole that you find yourself in. However, taking the time to prioritise your debts, and even consolidating them into one monthly payment may be helpful – if in doubt speak to a debt advisor.
The future is something we should all look forward to. However, if you’re concerned that you don’t have anything set aside to enjoy your retirement then it can be enough to keep you awake at night. Consider drawing up a plan for your retirement, what you want to do and how much you think you might need to live comfortably. Check out a pension calculator for more info.
This fear can be classed as irrational. However, in today’s economy, a job isn’t as secure as it used to be. Therefore, worrying about your precarious financial situation is common. Preparing for the worst is your best option here. If you’re really concerned, then start putting a little money away each month so you’ll have a financial safety blanket if you should lose your job.
When you live from payday to payday, it’s stressful. Especially if your funds are running low and there’s an unexpected expense. The best option is to budget your money as best you can, or consider other work options.