Why We’re obsessed with Money: The Psychology of Money

Have you ever wondered why we humans are so obsessed with money? It’s often the source of our stress, anxiety, and worry—so much so that we consider it the root of all evil. And yet, so many people will do just about anything to obtain more money. Is it really that important? Why do we chase after it? In this article, we will explore some of the reasons behind this obsession, in addition to helping you uncover your own motivations as it relates to money. We will also discuss how you can use this information to create a more positive relationship with money moving forward.

Reasons to Avoid Debt

Debt can be a crutch and comfort when times are tough, but it will only hold you back. In fact, people who have excessive debt often have trouble reaching their financial goals. If you fall into that category, there are some reasons why you should consider ditching debt right now. Here are seven reasons to avoid debt if you want to get ahead financially.

Ways to Save When Shopping

Everyone knows that saving money is a good thing, but they don’t always know how to go about it. There are ways that you can save money when shopping—it just takes some planning and effort. Keep these tips in mind next time you make a purchase and you could save a little more cash for other things in your life.

Tips for Better Budgeting

Sticking to a budget is an effective way to keep from spending more than you have. By tracking your expenses, however, you can better control what you spend—and stick to your budget for longer. To help motivate you in your quest for financial freedom, here are six tips that will help improve both your budgeting and saving skills.

Tips For Financial Responsibility

Before you run out and spend your hard-earned money, stop and ask yourself, do I really need to buy that? If you’re serious about getting out of debt and living a financially healthy life, it can be helpful to think about money in ways that keep it from dominating your day-to-day life. You might want to set aside some fun money—but try not to let it become more than just fun.

What To Do If You Can’t Pay Bills on Time

Contact your lenders, loan servicers, and other creditors. If you can’t make a payment now, need more time, or want to discuss payment options, contact your lenders to explain your situation, and check their websites to see if they have information that can help you.

Tips For Managing Debt

1. Know-How Much You Owe.
2. Pay Your Bills on Time Each Month.
3. Create a Monthly Bill Payment Calendar.
4. Make at least the Minimum Payment.
5. Decide Which Debts to Pay Off First.
6. Pay Off Collections and Charge-Offs.
7. Build an Emergency Fund to Fall Back On.
8. Recognize the Signs That You Need Help.

Tips For Achieving Financial Goals

• Write them down. Something special happens when you put a pen to paper and write down your goals. …
• Make them specific. …
• Make them measurable. …
• Give yourself a deadline. …
• Make sure they’re your own goals. …
• Create and stick to a budget. …
• Build up an emergency fund. …
• Get out of debt.