How to Minimize Your Money Stress at the End of the Month

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Every day there are millions of people around the world who battle their stress from money worries. But you really can minimize your money stress. 

And I'm willing to place a bet that you, too, are also under the effects of stress from your own money worries. 

Maybe you don't make enough money to pay all of your bills each month. 

Maybe you live paycheck to paycheck, and still can't pay all of your bills. 

Or maybe you do have enough money, but money still stresses you out.

Or maybe you have a different money situation that I haven't mentioned here. 

There is an answer to your problem. Keep reading to find out. 

Money doesn't need to stress you out. It's a tool to help us live our lives. It's a method of exchanging one thing for another. 

We use money to pay for our mortgage or rent and in return, we have a roof over our heads. 

We use money at the grocery store in exchange for our food to fill our bellies. 

Money is a tool so that we can have one thing for another. It's basically a barter system where money is always exchanged for the item that we want. 

But the biggest stress that we have is from our end of the month money worries.

Very few people live with having enough money in the bank from last month to pay this month's bills. We may want to, but circumstances (specifically debt and bills and not making enough money) get in the way of fulfilling this dream. 

I know you really want to know what you can do to start letting go of your end of the month stress from money worries. You can also check out The Causes of Money Stress for more about stress and your money and getting even deeper towards the root of the problem of your money stress. 

So what can you do to minimize your money stress at the end of the month?

Create a Budget

Yes it is really important to create a budget and actually stick to that budget. 

You may be of the group of people that think a budget is limiting. If this is something that bothers you, then change the name to spending plan or money plan. For the sake of this post, I'm going to use the word budget, but you can substitute it with what you need to. 

A budget simply makes a plan for where your money is going to go each month. You use the money you receive as income and allocate it among your expenses and tell your money where it is going to go this month. 

You can also look at The Ultimate Guide to Budgeting Your Money for more information on creating your own budget. 

At the end of the month, when you don't have a budget that you set up and actually followed, you are going to notice that you are spending money in places that you don't always have to. 

This is a normal human tendency to do, but when you set up a budget and actually know where your money is going every day of the month, then it makes it easier to notice if something just isn't right. 

Track Your Spending

Until you spend 2-3 months actually tracking your spending, you don't realize how important it is to track your money regularly. 

When you track your spending, you see where your money is actually being spent. You start to see the money leaks that you have, where you spend money that you don't need to spending it (that chocolate bar in the checkout line), and the subscriptions that you either forgot to cancel or know you have but rarely use. 

This goes right along with creating a budget. You create the budget at the beginning of the month, then you track your spending during the month to make sure you are following your budget that you set up. 

Evaluate Your Income Sources

Maybe you have one income source or maybe you have more than one income source. 

You need to look at where your money is coming from. Can you make money in another way? Are there other options for you to make money? 

No matter what, there are always more options for you to make more money. 

I've outlined more than 20 ways that you can make $1000+ in a month. 

It's not your fault if you are working a corporate job that just doesn't pay you enough. But it is your fault if you do nothing else about it. 

You can easily start a second job by creating opportunities for yourself through your own business or working a second job at another place of business. 

It's always up to you. But the more income sources you have, the more money you have available to you. 

Create a Fun Fund

Most of the time when a budget is blown, its because you didn't allow yourself to have a fund that lets you do what you want. 

I've personally done a lot of experimenting with my own fun fund. 

I didn't used to have one. And I would always spend money on things that I just wanted just because, or because I was feeding my feelings. 

When I created my fun fund, my spending on that stuff went way down. I actually started my fun fund by giving myself too much money in it. Now I give myself $25 a week in my fun fund and it is the perfect amount for me. 

I don't spend on useless things anymore. And I'll even log into my bank account and find my fun fund hasn't been spent in 3 months simply because I have the money available, but haven't wanted to buy anything lately. 

This money can be used to blow on whatever you want to. But you have to give yourself the rules that this is the only money you have to blow that isn't allocated in your budget. 

Like I said above, it takes some experimenting to figure out the right number that works best for you. 

And even if you don't have much extra left in your budget to create a fun fund, then find a way to still create this fund because it really will help you from blowing your budget every month. 

Use a Journal to Feel Your Feelings

I know you are looking at me like I'm crazy, but when you actually feel your feelings, your relationship with money changes. Check out The Emotions of Money to read more about this than just a quick summary. 

We are humans and we are emotional beings. Whether we like it or not, our emotions affect our money. 

Bored? Let's do a little online shopping. 

Lonely? Buy yourself some new clothes, or even electronics. 

Angry? Buy new shoes.

Want attention? Buy new clothes or jewelry. 

Need to celebrate something? Go out to a fancy restaurant for dinner. 

And the list of emotions just keeps going on and on. Pretty much every single emotion also has a financial response in your system too. 

But when you pause and feel those emotions and even use your journal to help you feel the emotions and let them go, the financial response to these same emotions lessens and affects your money less. 

You can dive much deeper into this in The Emotions of Money

Be Completely Honest with Yourself about Your Financial Situation

So often we are not completely honest with ourselves about our financial situation, myself included. 

Are you spending within your means? Are you spending on your credit cards without a real budget? What do you not like about budgeting? Why don't you track your money? 

The more honest you are with yourself about your financial situation, the less stress you will have around money. 

Honesty is a really good policy to have. But you have to be honest with yourself, not just everyone else. 

Really look at how much debt you have. Create a spreadsheet that totals it all up for you. And update this spreadsheet regularly so that you know. 

Look at your net worth regularly (and update it!) so that you know how much money you really do have in your life. 

Track your money and actually pay attention to where you are spending it. 

No one else has the ability to make your decisions for you when it comes to your money. So be honest with yourself about your money and everything you are doing it. 

You will always have the ability to change your money stress and even eliminate it completely from your life. But it's a choice that you have to make. 

Can you make more money? Can you spend less? Can you stick to a budget? 

At the end of the day (and month), it always comes back to how honest you are with yourself about your money situation. No one else can do the work for you, but when you do the work, you'll notice things will really start to change, especially your money situation. 

What else have you tried to eliminate your money stress?