5 Financial Moves to Reduce Mental Clutter

There is a very clear link between mental and financial stability. According to a recent survey, 51% of U.S. adults say that money is their main source of stress. Here are some ways you can simplify your finances and clear your mental clutter.

1. Sync Your Bill Due Dates. This should include your rent and/or mortgage payment, internet and wireless service provider, insurance payments, and more. By moving everything to the same due date, you’re far less likely to forget to pay something. 
2. Eliminate All but Two Credit Cards: Sure, earning points on several cards, including airline miles (with an airline card) and gas points (with a gas company card), can add up. But sticking to just one card for purchases and one card as a backup will simplify your financial life. Plus, it will reduce stress by eliminating surprise balances at the end of the month.
3. Consolidate Your Accounts: If you have several checking accounts, a few 401(k) accounts with previous employers, and some stray savings accounts, consolidate them. Mid Atlantic FCU can help you move all of your accounts and simplify your overall finances.
4. Add a Checking Buffer: If possible, try to keep anywhere from $100 to $500 extra dollars in your checking account at all times. This could help eliminate overdraft fees and give you some added cushion for those unexpected expenses.
5. Stick to Three Financial Goals: Someday, you might move to a 50-page financial plan. But for now, focus on just three goals that take one sheet of paper. Those goals can be anything, including paying off debt, saving for the future, or simply working toward a nice vacation.

Find Financial Stress Relief at Mid-Atlantic FCU
We have the financial tools and accounts to help you reduce mental clutter by simplifying your finances. That includes free financial counseling, special checking and savings accounts, and plenty of advice. Stop by or contact us today.