It's exhausting worrying about money every single day and I just want to stop now. So I'm looking for ways as to how people stopped worrying about money and went on with their lives.
I just dont think about it and live modestly.
Cheap rent, cheap food, cheap hobbies.
and that's not to say you can't splash out on what matters to you (i.e. travel, or a specific hobby), but you got to be very mindful on what you spend your money on and why.
living in your means is one thing
Spend less ! 🙂 Live within your means
Have a "big dream". Start cutting cost and living below your means to casually save up for it. Get used to it, carry on.
Wife and I went on a serious austerity plan when we first got married, sold a second car we didn't really need, put every available dollar towards credit card debt, paid off all debts other than my student loans in about 18 months. (Setting aside student loans, we went from roughly 25k in the hole to no debt at all.) A few years later, we paid off the student loans themselves.
I went from laying in bed at night wondering how I would ever get out from under the debt that was suffocating me to sleeping soundly because I owed no one money.
We did get a mortgage eventually, but that someone didn't feel like debt in the same way, since our mortgage payment was cheaper than rent.
Ok, this may get me into trouble . . .but pay your student loans only if you feel compelled by dignity to do so. I can't and won't comment any more on that. Do your own research and make up your own lies.
I already paid them off.
Having debt and not being able to sleep soundly is the worst feeling I have experienced.I took money from my friends,have a $1000 credit card debt.Idk when will I pay them all.
and once you paid it off you live rent free forever
I found even in the toughest times, you get what you need.
We're gonna vent our frustration; if we don't we're gonna blow a fifty-amp fuse.
This.
I settled into a lifestyle that suits my salery - modest.
Worrying stopped when i got my job!
So I bought this $500 course and started investing...
By having enough of it. If you don’t get paid that well work on finding yourself something better, study something in your free time to build skill that you can use. Hard work, dedication and ambition are key to success and worry free living. The beginning is always hell, a good parent should relieve some of that pain.
Get used to staying at home a lot so cheap hobbies like karaoke on YouTube!!’ Cooking n baking cookies, listening to music, gardening or walking n exercising, reading!!!
As long as there’s food on the table and bills are paid on time stop worrying it’s bad for your health
Worked lots of OT back in the day.
I started living cheap and refuse to use credit.
Stop buying unnecessary things can help
I think having a written spending plan helps. I have a spreadsheet with how much money comes in per month, what bills are due on what days. I figure in how much I’ll need for food and fuel until I get paid again, then save or invest any left over money. With it all laid out in front of me, I can rest my mind that everything is going to be ok.
The opposite of worry is trust
I just work harder and harder until I have no time to spend to spend said money… Lol! but really I just believe in myself and try to manifest good vibes and opportunities coming into my life. I have been really lucky.
I'm retired and on a fixed income I luckily own my home. I have a separate account for paying bills. I worked out my yearly payments and divided it by 26 weeks put that amount plus an extra $100 away each pay. The rest I have for fuel and food. Occasionally take out or lunch with friends. I menu plan and shop to that.
I lived as cheaply as possible so I could save and invest and slowly started allowing myself to spend more as my net worth grew.
I kept swapping jobs until I got one with a decent income, I just do factory work and worked my my up to manager.
You just don't think of it pay your bills first. that's just how it is i never been rich or something
Be like rich people and just have money.
I turned 63 last year, and retired early. You can retire at 62. I decided to go one year later, so my wife and I could retire at the same time.
I researched for four years on early retirement. Three months before I left work (3 months before my 63rd birthday). You can draw on your 401K at 59-1/2. So, I withdrew half of my 401, and paid off every bill. Paid the car off. Got all the things needed for the house. Filled the refrigerator, and freezer. Got a bigger propane tank, and had it filled. Then, on June 1st, I left work. We lived off the second half of the 401 until my first Social Security check in October. It's been tight at times, but we've never starved, we do not go without. We even eat out once, or twice a month. We just live, and never worry about it.
Live within your means.
“Wealth consists not in having great possessions but having few wants” - Epictetus
I started saving and investing.
That is if one makes enough! Really!
By paying off the mortgages on my primary and income properties, getting rid of the car, buying quality tech stocks and getting rid of Netflix for the free movies on YouTube.
By having them.
Understand that theres more to life than just paper or a digital number
W/e you do, don’t get married
Who says we stopped?
Make a budget and track your expenses throughout the month to hold yourself accountable. It’ll take about 3 months to get down, but once you have that you’ll know where all your money is going. Once you have that you can make a plan.
That helped me tremendously.
Nobody ever stops worrying about money. You will worry about it until you die.
Sorry for the bad news.
I dont started to invest in Stocks tho Now i know i have a lot of money if something happened
Acceptance. Money is important, to a point. I, like most people, worry when I don't have enough money to meet my needs. When I do have enough to meet my needs and I start wanting things I don't have, I remind myself of how good I have it: I have food, water, a warm bed, family, etc. it's all about gratitude for me. Writing a gratitude journal every day keeps me grounded.
Simple: stop spending beyond your means and don't look at the balance. In my 20's, I stopped looking at my checking/everyday/normal account balance where I paid things like my taxes, mortgage, car, etc. If you look, you WILL start thinking about the object you've been wanting to buy, but couldn't really afford. Immediately transfer out to CD/savings/investment while leaving enough for an emergency. At some point, you see this "savings" balance reach a level where you can buy a second house or down payment on one. Do it, then rent it out via a management agency (or save a bit and do it yourself - but I don't recommend that). Eventually, you own several houses and are surprised by the value (but don't fixate). You may even decide it's time for an upgrade of your own house, so sell one, put into your own house and keep on trucking.
The rich (or comfortable) generally do no buy crap they don't need. They do not waste time. They do not sleep in on Saturday. The wealthiest people I know drive shit cars and look like homeless rejects.
That's how I sopped worrying about money. Your mileage may vary. Oh, I stopped "working" at 50. Probably could have at 45, but I enjoyed my job. No, I can't go buy a new Porcha, Lambo or Ferrari - but I'm happy enough.
Learn to live within your means and keep your eye's peeled for investment opportunities that YOU HAVE done you homework on and believe in.
EDIT: DO NOT KEEP CREDIT CARD BALANCES!!!! Use them for security, but never pay those ass-hats a penny in fees or interest.
Worked 110hour weeks! 2weeks on, one off! Did it for 8 years, a little over 2 year ago I sold everything and did my whole bucket list! Now I just work a normal job, don’t buy stupid shit, you only need one sweater (maybe two if you need one for work), buy quality over quantity, only need 7 days worth of clothing, do Landry, never eat out if you don’t got at least 6months of living expenses saved, you don’t need a a car with under 100,000kms, an old Honda with 347,000km still got another 150,000 left if you take care of it, check the oil, you’ll save on insurance, you don’t need a subscription to every service. Cut your costs, people use to live way simpler and happier 100years ago and you can too!
Live within your means and keep track of what you spent. This is so underestimated by people. If you don't keep track you spent waay more than you think. Save at least 10% of your income and build a rainy day funds. Knowing where your money is going is the only way you can find peace in your finances.
Tips : YNAB podcast
Also : Dave Ramsey
And when you are more knowledgeble about finances: Money Guy podcast.
Maybe a good book tip : 'The millionaire next door' and the wealthy barber.
If you want to be at ease you need to do something about it. Take it from someone who no longer feel stress about money Wishing you luck!
Edit: Spelling errors
i stop worring by having at least 1500-2k in spending and 2k in savings if it goes lower then i get worried
Strict budget and live below your means.
First if you have enough money and debt free you will STOP worrying abt it
Second keep your expense within your budget never spend more that you earn
Live so that you have more money coming in than going out.
I’m retired now with decent monthly social security check and pension. I haven’t drawn money from my 401k yet. Our net worth is over $2M and yet I still fret about spending, still lives frugally to this day!!!
Focus all your time and effort on making more + try to save at least 10%
My parents made sure I don’t need to worry about much as long as I don’t mess it up and blow it all, should be good
You need to get a financial foundation under you. The best first thing you can do is create a budget. Understand every dollar that comes in versus every dollar that goes out. Then there's basically 3 aspects to your money flow:
income
expenses
save/invest the margin
Unless you're already making a substantial income for your field, you should always be working to increase your income. Be in a very specific career/role and work on improving your skills and marketability. Think with the end in mind. How do you land that senior level role at the top of your field's pay grade? You need to gain the specific work experience, and leverage that into better and better jobs with more pay.
Keep your expenses as low as possible without sacrificing your happiness. Don't just spend frivolously because you have extra money in your bank account. This is where that budget can save you. Make sure you have a plan for all of your money. If you still want to spend a lot on fun, you need to take care of your important things first, like your bills and putting enough away into savings/investing first. Don't be a cheapskate but you also don't need the latest and greatest things to make you happy.
Saving and Investing is where you will finally start building a safety net and nest egg for yourself. First thing's first, you need an emergency fund. This is typically enough to cover 3 to 6 months of your expenses. This money will just sit in a high yield savings account and do NOTHING unless you have financial emergencies pop up. For example, you have a health issue that your insurance can't cover, or your car breaks down and you need repairs, or your roof on your house starts leaking and you need a new roof, or you lose your job and can't find another one right away, etc. And if you need to use your emergency fund, replenish it back to its original amount ASAP. This will be your life preserver and take a LOT of your worries away about money. Once you have your emergency fund established, you can begin contributing to your retirement accounts rather than your savings. Do this through your work's 401k or open a Roth IRA, and invest in index funds.
Sorry for such a long post, I hope this helps you. Let me know if you have any questions.
Changing the way I manage my money
Maybe this would help you but at work you are allowed to split your direct deposit into multiple account
You should have 2 checking bank accounts One for your bills/saving and one for your disposal income
Calculate your total monthly bills expenses (rent and utilities bills) and divide the total cost by the amount of time you get paid and direct deposit it into your this account , if u can afford $50 or $100 to put extra do it as well
The remaining balance go here
The money and bills on the first account ignore it and pretend that money doesn’t exist, nor your bills , your bills will get paid automatically
E The remaining balance on 2 consider this your disposable income , this money for food and entertainment
And make it your goal to increase your pay and increasing the amount you put on both account for saving and increasing your disposable income
Also With time the extra money you put on account 1 for saving will increase as well and once a year you can remove it and invest it in the stock market or cd etc etc
There is a lot to unpack here. First, tackle the big expenses before worrying about the small ones. eg. housing/car/insurance costs. If you can't trim these further, then you have to worry about the smaller expenses (food, coffees, subscriptions etc).
Then if that isn't enough, work on increasing income. Then put savings on automatic (eg time the transfer after payday) directly into a savings account, or even better, an investment account. Then you don't have to worry about savings, you'll always have a buffer.
I got a better-paying job.
Drink more
I took out a loan to cover my credit card debts, stopped going on holiday as often and also slowly progressed in my career so that I now make enough to feel comfortable. I was living large at a time when I couldn’t afford it, and now I could afford it but can’t because I’m paying off the living large period. It is tough, but I hope you manage to climb out.
Thousands of dollars flow beneath my feet every month and I live in a house that's paid for by my parents. ( We are not rich people, and recently I've had to be more frugal than ever). I have a steady job, albeit I always get antsy after being somewhere for a while and always start looking for a way out, but right now I just try to "count my blessings" so to speak. I do recognize I have it easier than a lot but due to recent hardship, I'm happy to have a fall back. All for the greater good, so it took swallowing a lot of pride and just accepting things.
Stay single. As soon as others start relying on your income, the stress escalates. Especially if finances are tight even though you’re frugal.
I was only worrying when I had a shitty salary. I'm not a big spender (well, I choose a few things I do want to spend on and remain frugal otherwise) and now get paid just fine, so no longer worry about money, at least for everyday purchases.
Increased my income and got married.
I finished my apprenticeship and never have to worry about getting a job
Not ideal way, but I just stopped doing stuff or limiting what I do. Like instead of going out to dinners 3-4 times a week, completely stopped and eat at home. Stopped drinking. Haven't gone to watch many films, only if something is really interesting. Cancelled all subs like netflix and shit, just have music. Let's me save the money instead for things I need, emergencies or just spend it once in a while on something I want.
You get used to it.
Alternative is just do whatever you want pay for all necessities like food and rent, once that's covered blow everything else on doing things you want to do. Money always comes and goes .
they’re only numbers. we actively choose to assign value to them. that’s a conscious decision we make.
obviously, we need to bend to a currency system to live, but you don’t need to believe that it’s real, because it isn’t. it’s literally made up. keeping that at the top of mind helped me to understand how ridiculous the system is and how it is even more ridiculous to let it rule my life.
abundance in life doesn’t stem from money or possessions, it comes from internal peace. the desire for material possessions and focusing on what you don’t have (that you think you need to have in order to be considered “successful”) works in direct opposition of this.
it sounds absolutely absurd, i know, but once you get it…you getit: all of your anxieties are rooted in a world that operates completely on the beliefs you choose to hold onto.
Compound interest! Invest in your 401k if your company offers it or stock options!
I pretend everything is ok. Until it kinda isn’t. But making small goals helps too. For example we’re going to move to a new apartment just so we can have a few extra bucks in our pocket. Also considering applying to a delivery service just to make a few extra for spending.
I started using YNAB (you need a budget, check out r/ynab!) because someone linked it in an askReddit post like this, and it just made so much sense to me. Nick True’s YouTube YNAB beginner video just clicked with me and now I’m in the best financial place I have ever been. I was skeptical about paying for a budget app but I saved more money in the 34 day free trial than they were charging for a year’s worth. I knew by 2 weeks in that I was going to sign up for a year, and I will continue to do so forever.
Been using it for about 6 months now (though I have only been able to buckle down since March though, since I had to finish paying for my wedding that I had already signed contacts for before I could start focusing on my other financial goals).
I went from skimming by paycheck to paycheck to now having more money than I ever have had in my account, and I’m paying for my current move in cash (double rent due to some overlap so I have time to move) as well as getting a brand new couch, a new linen cabinet, and several small appliances in cash.
This is 100% due to YNAB giving me the tools I needed to succeed, combined with me actually wanting to change. It’s not for everyone, and it is by no means a passive budgeting system (you have to really use it), but it’s exactly what I needed. It forces me to use the envelope system, but gives more flexibility than previous apps I’ve tried and is more convenient. If used correctly, it makes every decision a conscious one, and I was able to just naturally reduce my expenses because I was confronted with my true expenses and my priorities. Suddenly those Amazon splurges didn’t seem so necessary!
I used to hate budgeting, but now I actively look forward to payday not because I get to use the money (I am a month ahead so this month’s pay funds next month, and whatever is left is going into my emergency fund that I’m building) but because I get to go put it into YNAB.
I would recommend that anyone at least give the 34 day free trial a go, but use Nick Tete’s beginner guide on YouTube as a starting point. A lot of ppl say they get frustrated with it until it clicks, but I found that video helped me see how intuitive it really is and helped it click right out of the gate.
(Sorry for any typos, I have a broken thumb and it’s very hard to type with it!)
Step one : no kids Step two: never quit your job Step three: only marry someone who has been with her company for years Step four: remember that every Timu box on earth can’t make you happy
Might be an unpopular approach, money doesn't go with you when you die, so why not make life on earth a little more bearable with some comfort items? I don't plan to have kids, but I'm not obsessed about appearances and whatever that comes with having money.
It sounds like you need a better view of your finances. For me, not seeing how my money is spent gives me anxiety. I need to know I am on the right track. The way to do it is with a budget. Take a look at Centsible. It's based on the envelope budgeting method. You have to enter your transactions manually, but it's better that way.
Married a corporation
I have a place to sleep, food to eat, some possessions for hobbies, and I have a job.
I finally stopped worry about money about the time when my income surpassed 400k a year and I had savings and assets well into 7 figures. The reality is that you could likely double, triple, quadruple, etc. your income and you'll still not have enough.
Savings for children's education: 250k per child, 3 children, 750k.
Savings for retirement: 2,000,000 minimum, but ideally 4,000,000.
Buying a decent 3+ bedrooms 2+ bathrooms in a city where my children can get a good education and I'd be comfortable living there when I retire: 1,500,000+
Then there are the plethora of other minor expenses and desires.
I am now at the point I don't worry about my income and don't really think about money at all, but it took decades for me to get to this point.
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