How do you feel about your money? Do you think you’re earning enough? Do you think you have enough stowed away in your bank account? Do you think you’re working with the right budget for your household and lifestyle? Do you think you should try investing, to pad out your savings a little bit more?
And are you tying yourself up in knots over the worry your money gives you? Is there a longing inside you to make a bit more, but you don’t know how to go about it? After all, an emergency can strike at any time, and who knows if you’ll be prepared for it.
So, your financial wellbeing is something you probably constantly worry about, seeing as money is the foundation of everything. You save as much of it as you can, and from time to time, you can even feel guilty about spending just a few pennies on some much needed groceries!
Money can be scary, there’s no doubt about that. So let’s go through some of the most scary matters that money can put you through, seeing as they affect most of us at some point in our lives. The more you know, the better off you’ll be.
Income is Rarely Secure
Your income is probably mostly reliant on the job you have. You might love your job, you might not, but there’s no doubt it’s the best way to pay the bills! It offers the biggest lump sum at the end of the month, and it’s something that keeps on paying month after month. There’s quite a few side hustles out there that don’t offer the same kind of longevity.
But what if you lack a bit of job security? A lot of people feel like they can be fired at any moment, and that they daren’t not ask for vacation time, even when they’re owed it. What if you have little to no union options? What if you get a pay cut, out of nowhere? What if your working environment is getting a little bit toxic or choppy? All of these factors adding up can make you very worried about the security of your income stream. Even when you’ve got your finger in many pies, it can be hard to subsidize five different sources of revenue with the one source that pays you the most.
So, even if you do have a side hustle, there’s a good chance it doesn’t pay nearly as well as your main job. There’s also a good chance it took a lot longer to set up, and to start paying out to you! Who knows if you’ll have the financial security, in the future, to do the same thing with another side source of income? If you don’t have a job to fall back on, will you be able to take the time to ensure a monetized blog or an investment portfolio will pay off?
Sometimes You’ll Need a Lawyer
Lawyers are a big deal when it comes to money, and they’re definitely a good line of defence against the institutions and corporations that turn money into a very scary matter. If you’re being accused of tax fraud, or you’ve been shortchanged in they pay you’re owed (and your employer just won’t give it to you!), a lawyer’s office is going to be the best option to reach out to.
But that in itself is scary. If a lawyer needs to get involved, we automatically think of large fines and prison time, and that’s enough to scare off and silence most of us. We think it’s not worth the time and energy to take a money matter to court, even if it’s a small claims case. And that’s because we don’t know enough about the legal side of our finances!
The crux of it is that lawyers themselves cost a pretty penny, and when you don’t have the money to send their way, to enlist their very helpful services, you get stuck! Even when you know you could be due a payout from a tax company, or the government system that deals with relief or benefits, you might need to reach out to a lawyer to ensure you’re paid your dues. It can be a complicated matter unto itself, so companies like mahanyertl.com exist to tell you more about this.
And Who Can Afford to Save?
Saving your money can seem like a pipe dream in the modern day and age. Many things are far too expensive to buy on a regular basis, and too many of us are dealing with a wage gap that hasn’t evolved since the 70s. Anyone who doesn’t work for themselves at the head of a giant corporation, or who hasn’t been working in their job position for at least 15 years now, can suffer at the hands of the job market. It’s these people who don’t have enough money in the bank, because they’re simply not paid enough to be able to put money away!
So, it comes down to some serious budgeting. The less you can spend on weekly expenses like bills and groceries, the more you can put away for a rainy day. And seeing as they’re cropping up more and more, it’s a good idea to stay in for the night, and put the money required for restaurants and nightclubs into a saving account. After all, it’s often a lot more beneficial to save for a proper vacation at the end of the year, compared to forking out for just one night of fun.
How Scary is Money For You?
Money can get very scary, we all know this. The more we spend, the worse we can feel, even if we’re satisfied in the moment! And often enough, it’s not our fault that our savings account doesn’t outrank our checking account.
So make sure you’re aware of the reasons why, and what makes money scary most of all. Remember, it’s much better to be in the know!