The Australian Psychological Society (APS) released a study last year revealing that one of the greatest stress causing factors for Australians is money.
Are we surprised? When you disagree with your spouse, isn’t it normally about money (or the kids?)
Australians are reporting higher levels of stress, depression and anxiety symptoms, all because of the fact that a lot of us are losing control over our personal finances.
What makes matters worse for women is the fact that extravagant lifestyles are being promoted squarely at them via digital technology and mainstream media. And as much as education is important, how many of us learned to do our own tax, manage a budget, juggle family finances, at school? Yet research shows that an overwhelming majority of household budgets are managed by women, leaving us with all the responsibility of “making it work” and not a lot of training to do so.
That urge to spend without restraint is what drives a lot of us into debt. We’re not talking about just shopping – ensuring even a two income family pulls in enough money to make mortgage payments during unexpected downturns can put enormous stress on a family.
When you’ve stretched your credit cards to their limits, or when you’ve borrowed money to pay off bill after bill, or when you’ve gone to the wall on a line of credit, you are no longer in control of your money.
Your money is in control of you.
So, what do you do?
It’s time to sit down and talk with a reputable debt consultant about your debt crisis. You need someone who’s committed to helping you save money on your mortgages to enable you to have your home but also maintain a certain lifestyle. Someone who can reduce the stress you’re feeling by helping restructure your finances by utilising their knowledge of the complexities of financial law.
One of the best solutions a financial planner can do for your complex issue of household debt is restructuring.
This will help you solve the debt crisis that plagues your daily life and help relieve the stress of the situation to get you on the road to financial recovery.
Restructuring your finances also allows you to reduce the amount of money you owe to your creditors and save you an incredible amount of money which allows you to reduce your financial worries to manageable levels, allowing you to enjoy life the way you should.
By cleverly revisiting your debts, making them work for you and reducing them, you can reduce anxiety in your daily life and spend more quality time with your family. By freeing up cash flow that used to be tied down to mortgage payments, you can afford to save up enough money to go on relaxing holidays or even build enough capital to actually start that dream business of yours that you’ve been putting off for so long.
Money management is key to sound financial planning and is an important life skill for women especially.
Such skill allows you to stay on top of financial situation, keep track of spending and achieve financial goals effectively. Women can now take control of their financial situation by employing good money management habits and by talking to a financial planner who can help evaluate and improve their situation through restructuring. When you sort out your financial world, you’re able to reduce stress and live your best life.
Would you like to talk to someone who can show you how to do it better? Book an appointment with Leanne.
