Interactive Area Red Pen Press Blogs Frontpage Financial Tip of the Month: January 2009

Financial Tip of the Month: January 2009

Financial Tip of the Month by Lisa Rogers-Cherry

Don't Spend Money to De-Stress.

As we approach the festive season, a time that is considered by some as one of the most stressful times of the year -- I ask that you do not spend money to de-stress.  Some people will often make purchases to make themselves feel better.

Think of what big ticket items you have purchased when you were sad, depressed or were simply having a bad day. I used to spend money just to wind down after a stressful day. Sometimes I would end up buying things that I didn't need to make myself feel better.

Now, I’ve found that I feel better by finding something constructive to do like writing in a journal, trying a new recipe, reading a book, or spending time with my family. Can you think of several things that you can do instead of spending money?

Lisa Rogers-Cherry is the author of Lifting the Burdens of Debt: A Helpful Guide to Getting Your Debts Paid and Your Life Back on Track (2005; $14.95).
Lisa writes monthly financial tips for www.bloggingblackmiami.com and can be heard on www.wmbm.com on the Let's Talk Money Show.

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Comments  

Posted On
Dec 30, 2009
Posted By
Another User
+1 Communicating about finances isn't just about exchanging numbers and calculating budgets. We all have personalities when it comes to money - our spending habits, our views on saving and fiscal planning, and sometimes even insecurities about our financial standing or history. Take this into account in your discussions about financial matters. A good offensive strategy to avoid conflicts with your money personalities is to spend some time talking about your experiences and philosophies on finances to get a better understanding of the place each person is coming from.
Posted by administrator Dec 22, 2009 Last Updated: Jan 16, 2010
1 Comments

News Flash - Hot Off The Press!

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2010 Financial Tips

  1. Take the time to assess your financial situation. Ask yourself three questions: Where am I financially? Where do I start? Do I need to get some help?
  2. Prepare a budget.
  3. Pay your bills on time.
  4. Work diligently to repair your credit.
  5. Get a second job if necessary to make ends meet.
  6. See what, if anything you can eliminate from your expenses.
  7. Make wise decisions with the money that you have.
  8. Make sure that your estate planning is updated, including wills and healthcare directives.
  9. Use your time wisely.
  10. Pay yourself by doing something that makes you happy without spending a lot of money.

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