The pressure we put on ourselves to earn enough money and save enough money can help us reach our goals — but it can also have a serious impact on our mental health.
And if sticking to every single rule causes us anxiety, then enjoying the fruits of our labor can be marred by this excessive strain on our emotional resources.
That’s why we believe there are times when you should break the rules, without shirking responsibilities. Here are some financial rules that may be ruining your mental health:
Breakable Rule #1. You Must Live With Roommates While Paying Off Debt
Rent is drying up the salary, there is no doubt about it. This is usually the largest slice of your monthly budget, so living with roommates can help cut that cost.
But living with the wrong roommates can make you go crazy. Fighting prescribed foods, overstaying guests and strange smells coming from their rooms can make you wonder if it’s worth saving.
However he is It is possible to spend a little more to live on your own, keep your sanity and still Pay off your debts. You just need to stop paying your credit card companies.
A website called AmOne can help you do that. If you owe your credit card companies $50,000 or less, AmOne will match you with a low-interest loan that you can use to pay off each of your balances.
Benefit? You will have one bill left to pay each month. And since interest rates on personal loans are low (AmOne rates start at 3.49% APR), you’ll get out of debt much faster. Much faster than the 36% interest rates that some credit card companies charge.
You don’t need a perfect credit score to get a loan – and comparing your options won’t affect your score at all. Plus, AmOne keeps your information confidential and secure, which is probably why after 20 years in the business, it still has an A+ rating with the Better Business Bureau.
It takes less than a minute and only 10 questions Find out which loans you qualify for You don’t even need to enter your Social Security number. You need to give AmOne a real phone number in order to qualify, but don’t worry – they won’t send you spam emails with phone calls.
Rule #2. Cut costs by canceling Netflix, Hulu and Spotify accounts
How much do you spend on all your subscriptions each month?
Just kidding, don’t answer this question. The real question is: How happy do your subscriptions bring you?
The answer is likely to be a lot. Baking shows relax us, “Tiger King” bringing people together during a dark year and watching a good comedy at the end of the day can take our minds off our troubles for an hour and a half.
So before you say “no” when Netflix asks you if you’re still watching, find other places to save money that won’t take away from you soothing, whimsical murder shows.
One expense that definitely won’t hurt your heart is your car insurance. When was the last time you checked prices?
You should shop your options every six months or so – it might save you some serious money.
A website called Insure.com It makes it extremely easy to compare car insurance rates. All you have to do is enter your zip code and age, and it will show you your options.
By using Insure.com, people saved an average of $489 per year.
Yeah. This can be close to $500 in your pocket just to take a few minutes See your options.
Breakable rule number 3. Make all your food from scratch to save money
Baking a beautiful cake for your friend’s birthday or mashing your child’s food can make you feel like you’re saving money — and sometimes it is.
But the time it takes to chop all the vegetables to get the bolognese sauce is the downtime you might spend with your partner or read a good book. Is it really worth saving some dollars?
If taking back half an hour a day is worth it, go enjoy chopped onions and jars of mashed carrots. you deserve it! And you also deserve some money back.
A free app called Bring rewards It will reward you with gift cards just for buying tomato ketchup and more than 250 other items at the grocery store.
Here’s how it works: After you’ve downloaded the app, simply take a picture of your receipt showing that you’ve purchased an item from one of the brands listed on Fetch. For your efforts, you’ll earn gift cards to places like Amazon or Walmart.
you may Download the free Fetch Rewards app here To start getting free gift cards. Over a million people already have it, so they must be onto something…
Breakable Rule No. 4. DIY everything at home
Expensive do-it-yourself household services: lawn care, house cleaning, laundry, dog baths.
Expensive home services that give you hours back on your life if you pay someone to do it for you: lawn care, house cleaning, laundry, dog baths.
Time is valuable. The time you save letting a professional handle your least favorite household chores is the time you earn for yourself.
You could spend an entire Saturday scrubbing the floors and dusting the fan blades — or you could take a picnic with friends in the park. Or take a nap. It’s time for you to come back, do whatever you want with it.
So don’t feel guilty about spending a little money each month to have someone wash your car. Set a budget for it and have the time you deserve.
Breakable Rule #5. Never go overboard on non-essential items
We know, we know, that the best things in life are free. But have you ever dreamed of rewarding yourself with a pair of Louboutin heels after reaching the goal you set for yourself? (Writer’s note: Yes, I had exactly this dream.)
But when one pair of shoes you’ll wear once a year costs the same as a month’s food, it’s easier to bury that dream in the dark depths of an empty shoe closet.
There is a way to achieve this. The same way you would save for a vacation or a home – create a savings account with this goal in mind. Consider monthly deposits in your budget the way you would any savings goal. $10 here, $20 there – you’ll add up at the end.
If you’re looking for a place to safely store that shoe money – but still make money from it – put it on file Ambition account. It allows you to earn up to 16 times the average interest on the funds in your account (average 0.06% from other accounts is nothing these days).
Plus, if you use a debit card, you can earn up to 5% cashback on purchases.
These red bottomed boots are closer than you think!
Enter your email address here Get a free Aspiration Spend and Save account. After confirming your email, link your bank account securely so they can start helping you get extra money. Your money is FDIC insured and they use military grade encryption which is the nerd talk of “it’s totally safe”.
Rule #6. Sell all your unwanted household items, clothes and toys
You’ve probably gotten a lot of stuff done in your time on Earth. And maybe spring cleaning has gotten a little out of reach, and you have piles of things you no longer need.
The comfort you feel in purging is quickly spoiled by the realization that you need to sell it all somehow to get the money back. Where do you start? Poshmark, Facebook Marketplace, LetGo, Craigstlist, Garage Sale… Ah!
Unless something is really worth the money, you don’t Need to sell everything. The stress you might build when trying to list everything, arrange meetings, and negotiate prices may not be something you need right now.
So give it away. Drop everything off at the Donation Center (don’t forget the tax credit!), list fun items in your local Buy Nothing Facebook group or even host a free yard sale!
Financial rules sometimes need to be broken if they affect your mental health. Now, that doesn’t mean making bad decisions in the name of the right time – consider our permission to give yourself a break with all the drastic measures and find a healthy alternative solution for you and your wallet.
Carrie Faber is a staff writer for The Penny Hoarder. believe in mental health >>>>