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57% Of Adults Dread Budgeting. Here Are Four Easy Ways to Remove The Stress

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Don’t Let The 4th Of July Skewer Your Wallet

July 10, 2022

Budgeting can be a damning task for some adults, especially young adults. A recent study found that 57% of young people dread the thought of budgeting. Yet, this does not have to be the case. Creating a budget and sticking to it takes time, along with patience and having better control over your finances won't happen overnight. These tips can help reduce the stress of budgeting and help you achieve your goals.

1. Use Budgeting Apps

Budgeting apps like Mint or You Need A Budget- YNAB can be downloaded from your device app store. These apps can be downloaded onto a phone, tablet, or laptop so that your budget can be readily accessible across various devices. The apps can help you track your spending and help identify areas where you can cut back on spending.

2. Give Yourself Time to Adjust

Whenever you decide to set your budget, remember to give yourself a little time to adjust. If you set a strict budget at first, you are likely to not follow through as it may feel too drastic. Making sure that you give yourself a little extra wiggle room for spending, to then make adjustments on spending will ensure that you will stick to your budget in the long run.

3. Don't Deprive Yourself

It's okay to allow yourself to have a little fun! You can prioritize your financial goals while also treating yourself every now and then. When you are detailing your budget, make sure that you include a space for fun money. This could be an entertainment allowance or a self-care fund that you can do a monthly pedicure with. However you decide you want to spend your fun money, making sure that you leave room in your budget for these experiences to make time for the things that you enjoy.

4. Automate Tasks

Consider automating your savings. You can set up automatic transfers regularly from your checking to send money to your savings account. You can also set up automatic bill pay- where the amount will be automatically drafted from your account and you won't have to remember various due dates. This can help save you time and help you build up your savings quickly.

Setting a budget and learning your spending habits can be scary at first but just remember that by doing this you will have less financial stress and have better control of your finances. In the long run, you can experience less financial stress and feel better prepared for life's unexpected events.


If you would like to receive more information on making smart money moves for your future, be sure to contact us today!

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Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

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The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation.

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Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. https://Bit.ly/KF-Disclosures

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