It's that time of the year that many face money worries due to the upcoming holiday season and

every day living.

Fast Ways to Ease Money Worries

I recently came across article that talks about fast ways to ease

money worries.

There is something on this list that you may face.

Below are some suggestions to overcome those worries.

MSN Money Source – 5 fast ways to ease money worries

"When you hear that you may need more than $1 million in savings to retire comfortably, or that you should have six months of living expenses as an emergency cash reserve, it's likely your financial anxieties may spike a bit — especially if you have little savings, no retirement accounts and several thousand dollars in credit card debt."

The first of the fast ways to ease money worries is to write down all

your income and expenses.

With writing down every thing it is easier to see where you are spending your

money.

Many of us fear living by a budget but, this is the best way to ease money worries.

With your list in hand you can look for ways to cut cost.

Second of the fast ways to ease money worries is to start saving process via

automatic transfers.

 "If you live paycheck to paycheck and have little or no cash savings, start building a cash emergency fund to protect you from turning to credit cards or payday loans when unforeseen payments, bills or emergencies hit, says Botkin."

There is no set amount to start your savings.

Living from paycheck to paycheck often feels like your just working to pay bills.

Third of the fast ways to ease financial worries is plan an attack on debt.

The article talks about listing debt by amount owed and the interest rate.

It also states that you should start with the smallest debt first.

I disagree.

I think that you should start with the highest interest rate.

This will save you the most money in the long run by not paying as much interest over the life of

the debt.

Next the article states that you should apply the minimum payment from a previous debt paid

off debt to the next debt that you are trying to pay.

However, it will take much discipline to make this work for you.

The fourth of the fast ways to ease money worries is to make a commitment to your retirement.

"Once you are free of credit card debt, apply that money to retirement savings the same way as the emergency fund savings … automatically,"

I agree with this.

You have to have the other areas of your finances in order before you start thinking about

saving money for retirement.

It is foolish to save money this way when you have too much outstanding debt that could be paid

off to ease your financial worries.

 Fifth of the fast ways to ease money worries is to protect against scams.

The article suggest that you get a credit monitoring service to let you of changes to your credit

report.

I disagree if you already having financial issues making ends meet you don't need to add another

bill.

However, it is important that you get a copy of your credit report each year to monitor your

credit.

With all of the fast ways to ease money worries you just have to start where you are.

To keep from being overwhelmed start with one or two of these at a time.

Once you have these incorporated as part of your life style move to add the way to

your list.

The most important thing to remember of the fast ways to ease money worries is your outlook

toward your finances.

What fast ways to ease money worries will you use???

Your Financial Coach,

Renee Lawson