Financial woes cause considerable anxiety. The debt from college loans or a medical emergency generates feelings close to panic. It doesn’t have to be that way. Financial wellness can be achieved and maintained by following a few general rules of proactive conduct.
- Never Take Counsel of Your Fears
The college graduate can be stunned by the loan repayments necessary to retire college debt. Many have debts as large as a house mortgage. The common worry is being forced to spend most of life paying a bill that could be more than the monthly rent. The same is true for medical bills or sizable credit card balance.
Excessive concern causes panic and forces a person to make poor decisions. These include forbearance, completely ignoring the bills, or overpaying a monthly bill when it is not necessary. Thinking calmly and making sound decisions are the best ways to meet a financial wellness problem. Continue reading