Not every week or month holds a major financial issue you need to tackle. If you stick to a realistic budget, save for emergencies and retirement, and try to limit or erase your debts, your finances will likely be on the up and up. However, that doesn’t mean minor money problems don’t come up from time to time.
According to a 2016 Gallup poll, Americans are more stressed about money than in previous years, with respondents reporting increased worry among seven financial categories. While many of those stressors are about big-picture things like having enough money for retirement or being able to maintain their standard of living, it’s safe to say that everyday issues can pile on top of those larger worries, adding extra stress.
These small issues can be a blip on the radar, as long as you take care of them correctly — and quickly. In some cases, these issues might just be annoying, without major repercussions to our lives long term. But as experience and reality tell us, those molehills can become mountains if we simply ignore them or fail to adjust our habits.
In those cases, a small problem could signal a bigger issue down the road if you don’t take steps to fix it right away. Small overspending here and there, for example, might not seem like a big deal in a single month. But by the end of the year, you could find yourself hundreds of dollars off target from your savings goals.
Overspending can be curbed by paying close attention to your budget, and going over it at least once a month to make sure you’re in line with the bigger goals you’ve created for yourself or your family. But what about other issues that can come at a moment’s notice? We took a look at some common everyday money problems, along with some practical solutions for fixing them so these little issues don’t add to your overall financial stress.