Hello! Are you new here? We’re glad you found our gay little corner of the internet. Here at Debt Free Guys, we’re all about helping queer people live a life they truly love inside and out. We believe that happiness is a 360 degree experience (purpose, love, money, well-being and lifestyle) that you too deserve. After reading our article below, Find out here how we can help you.
Eliminate financial stress
Are you stressed about money? You’re not alone! Here’s how to eliminate financial stress and live a happier life. While you’re here, grab your free copy 5 building blocks for a happy gay life Here.
Eliminate your financial stress
Sixty percent of LGBTQ respondents to a recent study admitted to worrying about their money every week. In addition Queer money® we offer five tips to eliminate financial stress and the anxiety that comes with it.
We’re starting by encouraging the LGBTQ community to use basic financial tools and sharing our simple strategy for building an emergency savings account – $5 each.
We also offer insights into the courage to speak up NOand give examples of how we have declined invitations to big trips and expensive events. Finally, we’ll share some of our own tools to help you find extra money and create a budget that actually works, i.e. h. it’s not just about saying “no.” Hear creative ideas for increasing your income streams and learn how creating a budget can reduce financial stress!
Topics covered to stop financial stress
1. Use basic financial tools
- Easy to set up checking or savings account
- No fees for check cashing and money orders
- Capital One 360 checking account
- Capital One 360 Money Market Account
2. Create an emergency savings account
- Save $5 from every paycheck
- Build up to 3 to 6 months of living expenses
- Commit to using it only for true emergencies
3. Have the courage to say NO
- Explain financial goals to your friends and family
- Reconsider spending on gifts, cards, birthdays and other celebrations
4. Increase your income streams
- Benefit from the gig economy
- Try blogging, freelancing, etc.
- Do overtime at work – that could mean getting paid for an hour and a half
- Get a part-time job
- Reducing debt is expensive!
- Increase your W4 allowance – check this with your accountant first
5. Create a budget
- Understand where your money is going
- Find extra money by doing a spending analysis
- Automate bills + pay off debt
- Create a budget
Resources to help eliminate financial stress
