The stress we put on ourselves to make enough money and save enough money can help us achieve our goals – but it can also severely affect our mental wellbeing.
And if sticking to every single rule scares us, the enjoyment of the fruits of our labor can be marred by this overuse of our emotional resources.
That is why we believe there are times when you should break the rules without shirking responsibility. Here are some financial rules that could destroy your mental health:
Fragile Rule # 1. You should be living with roommates while paying off debts
Rent is a paycheck drainer, there is no doubt about it. It’s usually the largest part of your monthly budget, so living with roommates can help reduce these costs.
But living with the wrong roommates can drive you crazy. Fighting over labeled food, diners who go overboard, and strange smells coming from their room make you wonder if it’s worth the save.
Still it is is possible to spend a little more to live alone, save your mind and still settle your debts. You just have to stop paying your credit card company.
A website called AmOne can help you with that. If you owe your credit card company $ 50,000 or less, AmOne will provide you with a low-interest loan that you can use to pay off every single one of your balances.
The advantage? You have to pay an invoice every month. And since personal loans have lower interest rates (AmOne rates start at 3.49% APR), you can get out of debt much faster. Much faster than the up to 36% interest that some credit card companies charge.
You don’t need perfect credit to get a loan – and comparing your options won’t affect your score. Additionally, AmOne keeps your information confidential and secure, which is why after 20 years in business it probably still has an A + rating with the Better Business Bureau.
It takes less than a minute and only 10 questions to complete See which loans you qualify for – You don’t even have to enter your social security number. You need to give AmOne a real phone number to qualify, but don’t worry – they won’t spam you with phone calls.
Fragile Rule # 2. Cut costs by canceling your Netflix, Hulu, and Spotify accounts
How much do you spend each month on all of your subscriptions?
Just kidding, don’t answer that question. The real question is, how much enjoyment do you get from your subscriptions?
The answer is probably a lot. Back shows relax us, “Tiger King” brought people together in a dark year and watching a good comedy at the end of the day can distract us from our problems for an hour and a half.
So before you say “no” when Netflix asks if you’re still watching, find other places to save money that won’t take away your weirdly calming murder shows.
One issue that definitely doesn’t hurt your heart is your auto insurance. When was the last time you checked prices at all?
You should buy your options every six months or so – this could save you quite a bit of money.
A website called Insurance.com makes it super easy to compare car insurance prices. All you have to do is enter your zip code and age and your options will be displayed.
With Insure.com, people saved an average of $ 489 a year.
Yup. That could be nearly $ 500 in your pocket just to take a few minutes look at your options.
Fragile Rule # 3. Make your food from scratch to save money
Baking a nice cake for your girlfriend’s birthday or pureeing your own baby food can make you feel like saving money – and sometimes you are, too.
But the time it takes to chop up all of your vegetables for a Bolognese sauce is wasted time that you could spend with your partner or read a good book. Is the money saved really worth it?
If it pays off for you to come back half an hour each day, indulge in pre-chopped onions and glasses of mashed carrots. You deserve it! And you deserve to make some cash back too.
A free app called Get rewards reward you with gift cards only for purchases of tomato sauce and more than 250 other items in the grocery store.
Here’s how it works: After you’ve downloaded the app, just take a picture of your receipt showing that you’ve purchased an item from one of the brands listed on Fetch. For your efforts, you will receive gift cards for places like Amazon or Walmart.
You can Download the free Fetch Rewards app here to receive free gift cards. Over a million people already have it, so they have to be into something …
Fragile Rule # 4. DIY everything at home
Expensive home services you can do yourself: lawn maintenance, house cleaning, laundry, dog baths.
Expensive home services that will take you hours back in your life if you pay someone to do them: lawn maintenance, house cleaning, laundry, dog baths.
Time is money. The time you save by letting a professional do your unpopular tasks is time you have earned yourself back.
You could spend an entire Saturday scrubbing your floors and dusting your fan blades – or you could have a picnic with friends in the park. Or take a nap. It’s your time back, you do what you want with it.
So don’t feel guilty if you spend a little bit of money every month getting someone to wash your car. Plan it in and enjoy your well-deserved break.
Fragile Rule # 5. Never hand out nonessential items
We know we know the best things in life are free. But have you ever dreamed of rewarding yourself with a pair of Louboutin strappy stilettos after completing a goal you set yourself? (Author’s note: Yes. Yes, I actually had this dream.)
But when a single pair of shoes you wear once a year costs as much as a month’s meal, it’s probably easier to bury that dream in the dark depths of your empty shoe closet.
However, there is a way to achieve this. Just like saving for a vacation or a home – set up a savings account with that one goal in mind. Budget monthly deposits as you would with any savings goal. $ 10 here, $ 20 there – it’ll add up at some point.
If you’re looking for a place to safely stash that shoe money – but still make money from it – put it in one aspiration Account. This allows you to earn up to 16 times the average interest on the money in your account (the average 0.06% from other accounts is nothing these days).
If you use the debit card, you can earn up to 5% cashback on purchases.
These red bottom shoes are closer than you think!
Enter your email address here to get a free Aspiration Spend and Save account. After you’ve verified your email, securely link your bank account so they can help you get extra money. Their money is FDIC insured and they use military grade encryption which is nerd talk for “this is perfectly safe”.
Fragile Rule # 6. Sell all of your unwanted housewares, clothing, and toys
You have probably learned a lot during your time on earth. And maybe your spring cleaning has gotten a little out of hand and you have piles of things that you no longer need.
The relief you find cleaning up is quickly dashed by the realization that you have to somehow sell everything to get money back. Where do you start Poshmark, Facebook Marketplace, LetGo, Craigstlist, a flea market… Ugh!
If something isn’t really worth the money, don’t do it need everything for sale. The stress you might build up trying to list everything, arrange meetings, and negotiate prices may not be something you need now.
So give it away. Drop it all in at a donation center (don’t forget the tax credit!), List fun items on your local Buy Nothing Facebook group, or even host a free yard sale!
Financial rules sometimes need to be broken when they affect your mental health. This doesn’t mean making bad decisions in the name of a good time – see this as our permission to take a break from all those tough must-dos and find a healthier workaround for you and your wallet.
Kari Faber is a writer for The Penny Hoarder. She believes in mental health >>>>
This article originally appeared on www.thepennyhoarder.com