Anyone that has ever experienced money stress knows that worry and anxiety can quickly overrun your life if it isn't dealt with quickly and effectively.

When finances become strained it puts tremendous strain on your health, happiness relationship and peace of mind. In fact, it’s one of the biggest reasons that couples get divorced today.

Here are some handy tips to keep your cash flow high, keep your life in balance and enjoy long-term stress relief from financial pressure.

Spend Less Money Than You Make.

If you make $1000 per week then learn to live off $700 (70%) and save the rest. When you have saved enough then invest your savings in something that will help you build long term wealth (i.e. property).

Get Out of Debt

Do everything you can to not get into consumer debt. If you can’t afford to pay cash for something you want, then save up for it until you can buy it outright.  You’d be amazed how little money you can get by with if you stay out of debt.

Stick to a Budget

Do up a budget so that you know exactly how much money you need each week to get by on and then stick to it like glue. If you must treat yourself to items that you really don’t need then make sure you pay cash for them. Otherwise forget about it until you can afford to buy it. This includes treats and luxury items.

See a Financial Adviser

If you don’t have a financial plan for the future then you’re doing yourself and your family a great disservice. Wealth rarely happens overnight. Without a plan your finances are left to the fate of the Gods and your spending habits. Who knows where that will get you.

Increase Your Financial Knowledge

It’s like anything in life if you want to improve you have to learn new skills and then practise them. While it’s good to seek professional advice about finances it’s even better to learn how to do it yourself. There’s a ton of books available written by people who have already mastered financial success. The more you learn the less anyone can cheat you from your hard earned cash.

Live a Life of Prosperity Thinking

You either think in terms of lack or prosperity. Whichever you give the greater focus to is what you will attract into your life. Catch your limited or negative thoughts about money and then replace them with thoughts of abundance.

Here’s an affirmation that helped me through some tough financial times and took me from earning $20 per hour to $200 per hour in just 6 months; “I love money, money loves me and I am a money magnet!”

Final Thoughts on Money and Stress Relief

One of the most valuable commodities you have is time. Some people have plenty of time and little or no money to enjoy their life with while others have tons of money and little or no time. The real secret to living a relaxed lifetsyle is to have the balance of plenty of time and plenty of money.

To Your Great Life and Health…

Many of us dream to have a lot of it and very few of us have more than we think we need.  It’s one of the 3 main stressors that keep many people awake at night.  Whether you’re living beyond your means or wondering how you’re going to have enough income for retirement all comes down to Money.

When you’re feeling financial pressure it can affect so many other areas of your life.  It can cause stress at work, anxiety attacks, insomnia, arguments, alcoholism, gambling and relationship break-ups just to name a few.

But there has to be something you can do about it, to manage your money and experience real natural stress relief.

With that in mind, here are 5 money management tips for Stress Relief:

—> Understand your worth – before you can live within your means you need to understand what your means are.  Gather a record of all your money, assets, investments and current cash (N.B. although credit cards and lines of credit are additional resources to make purchases, when we tap into them we decrease our spending power over the long haul with bank charges etc.)

—> Track your income – Really take a look at your income.  Measure it over the last 4 weeks or even better the last 13 weeks (the number of weeks in a quarter). Average it out by totaling your overall income and dividing by the number of weeks.  (N.B. Don’t just take 1 weeks wage as an average as you may miss out on overtime, sick days, etc.)

—> Measure your expenses – Once you understand what you are worth and what your income is begin to measure where you money goes.  Carry a small notebook you can pop in your pocket or handbag and make a record of every purchase you make.  Do this for a month to get a real understanding of where you’re spending your money.  Record everything including bills, repayments, where you shopped and the amount you spent.  After the month prioritize your expenses into different categories; essential (food, shelter, rent or mortgage), utilities (heat, water, electricity), loans and leases (car loans), insurances ( home insurance, car insurance, life insurance) and discretionary expenses (other loans, credit card repayments and low priority expenses)

—> Manage Money – Calculating your average monthly income (13 weeks wages divided by 3) and minus your different expenses (if some of your expenses are yearly, then divide the amount by 12 to calculate monthly payments).  This will give you your disposable income.  Use this figure as a baseline for spending.  Ensure you keep at least this much of your wage aside each month (multiply it by 12 and divide by 52 to understand it weekly) and try to put aside a little more each week for that rainy day.

—> Learn to Relax – Financial stress can be a result of the feeling of discomfort over using other people’s money, being in debt, or concerned you may not be able to grow your wealth.  Whatever the case it is important to improve how you can handle money stress.  A good stress relief CD or other relaxation techniques like exercise, relaxation breathing techniques or stress relief programs can help build that threshold and show you how to release and handle unnecessary stress.

Remember, even if you’re stuck in financial stress and your living beyond your means you have the power to change it.  After all, money comes and goes but your health is important.