Reducing Financial Stress
posted on Jan 20, 2020 | 322 likes
Want to shun out financial stress this year? Here's a little guide on how.
Finances are a source of stress for many people, but they really do not have to be. When you find ways to reduce financial stress, you will find yourself better able to think of solutions and opportunities will begin to present themselves.
When expenses exceed income, it is the number one cause of financial stress. In the work force today, many Nigerians have expenses that are either equal or more than what they earn.
Having projects to execute, school fees and rent payment without much finance keeps you worked up. There’s the constant “deep sigh” after every thought. Your mind is always active even when you fall asleep. This leads to worrisome health implications. In reality, you are paying with your health.
As a salary earner with loads of responsibilities, it is never easy to stay afloat.
Here are some strategies for reducing financial stress when things are difficult or when you need more funds to execute certain projects:
CREATE A BUDGET
You may feel this is not the right time talking about creating a budget, but this is the best strategy for you to take control of your finances and stop worrying about money. A budget allows you decide when and how you are going to spend your hard-earned money. This helps you cover your immediate expenses, while still working towards your savings goal.
It is never easy to stick to a budget especially when the economy is not favorable. Once you understand what to do, you can often reduce the amount of time you spend worrying about money.
CREATE A LIMIT
If you feel like you can’t spend anything, it will only create more stress. Having a budget does not necessarily mean you should take out money. Instead, create a spending limit for each budget categories.
You can buy whatever you want as long as it is within the limit to be spent for the month – No Going Overboard – make a list of places you can the best prices for things you want to buy.
When you have a no-spend day, you commit to buy nothing. Of course, you cannot do this forever but you can aim for some no-spend days each month or even have an entire no-spend month.
This doesn’t seem like what anyone would do right?
Well, no-spend days means you commit to buy only necessities, such as food to cook at home. No impulse buys especially when you see a dress or shoe.
When it comes to money, one thing’s for sure, everyone deals with financial stress from time to time. You are not alone, at Page Financials, we understand the need to be financially buoyant and that is why we provide quick access to loans to sort all your needs. Page Financials is a dependable retail financial services provider that provides loans and investment opportunities to salary earners and established SMEs in Lagos and Ibadan. We also have a payment solution that enables customers to send money and pay bills across Nigeria at zero cost of transaction.
If you are a salary earner then you might qualify for between ₦200k and ₦5Million naira loan which you can get in less than 3 hours.
To apply, simply visit the online application portal at www.pagefinancials.com/loans.html. You will be able to provide your information and get your loan in less than 3 hours if you get approved.
For further enquiries, you can send an email to email@example.com or contact customer service on 016317243 for more details.