While being in control of your finances is very important to living a low-stress life, almost a third of Americans find themselves struggling financially or barely making it by at all. For many people it’s problems with debt and for others it is a problem of simply not making enough.

If you feel stuck or hopeless in the position you’re in, you can’t simply continue doing things the same way and hope your fortunes change. You need to take active steps to ensure that you have full control of your financial life. This blog post will take you through four steps that can help you successfully handle your finances.

Have a Budget

If you do not have or use a budget, it can be very difficult to control your finances. A budget is a great way to track how much money you have coming in and being spent every month. It will very simply outline, in detail, where the money is going and how much of it is going where.

However, for a budget to work, you actually need to follow it. Some people prefer using a pen and paper method, but there are also many different apps out there that can also help you budget on the go. With how easy a budget is to set up and maintain, there is really no reason for you not to have and use one.

Find Ways to Spend Less Every Month

Once you have a budget, you have some things to consider. If you find that you are spending too much, you need to identify where and then be willing to cut some of the spending. Overspending is a serious problem for many people, as most of us spend money we don’t have on things we don’t need.

Whether you are joining the many people who are cord cutting, or simply eating out at restaurants less, every little bit of saving each month can have a large impact. Putting this extra money towards your savings or debts can help you get control of your finances much more quickly than if you would have kept up the careless spending.

Educate Yourself About Finance


The more you know about finance, the better equipped you will be to improve your financial health. Whether this is learning how to use a mortgage calculator to find out your mortgage payment or learning invest properly, financial education is a key to financial success.

While you might want to take some classes about finance, there are also a ton of different resources online that can help you too. Educating yourself on finance will take some time (especially if you are a novice), but it will be well worth it. Soon enough, you will find that saving and spending intelligently will come naturally and will no longer require as much effort on your part.

Set Goals For Yourself

Instead of just saving for the sake of saving, it can be helpful to come up with some financial goals for yourself. Goal-setting is an incredibly helpful method for saving money and is an important step during the whole process. If you don’t have any reason for making sacrifices or cutting costs, it can make it easier to fail.

Goals are there to keep you motivated and driven, even when things get tough. They will help you stay focused and realize the reason you are making sacrifices. While goals aren’t always easy to meet, having them in place is a great way to remain in control of your finances. These goals can be anything from having enough to take a vacation, paying off your student loans within the next two years or anything else you could think of.