Want a Financially Happy Life? Take These 4 Steps via @carinkilbyclark

Want a Financially Happy Life? Take These 4 Steps

Financial happiness is a lofty goal for families to meet.

Achieving financial happiness would mean that you and your family would have enough money for necessities, insurance, charities, and entertainment – without having to worry.

It also means that you’d be ready for whatever life may throw at you.

Are you wondering what you can do to get closer to financial freedom? Plan.

Planning is one of the most important things you can do!

Want a Financially Happy Life?  Take These 4 Steps via @carinkilbyclark

Here are 4 steps to take to get closer to a financially happy life:

1. Make a Budget

A budget is a financial plan that looks at expenditures and revenues to figure out where your money is needed. The reason this is such an important step is because without a budget you may not realize how much money you are spending on unnecessary items.

When you make a budget, you should first look at how much your household brings in each month. Then, take out the money you give to charities, your monthly utility bills, your rent or mortgage, and any other monthly expenses.

2. Pay off Debts

If you want to really find financial happiness, you have to reduce how much you spend each month. This can be done by eliminating your debts.

Part of your budget should include saving money toward this objective. Once you’ve paid off your debts, you’ll have extra money to do what you want – and you’ll be able to spend more on entertainment, vacations, or charities.

3. Prepare for What-Ifs

Part of reaching financial freedom is being prepared for the what-ifs that life can throw at you. You can better prepare for life by having an emergency fund, making sure you are entirely insured, and making a will.

Some experts suggest that your emergency fund should be big enough to pay for six months of expenses. This helps to ease worry should you or your spouse be unable to work for a while. It also ensures that you’ll be able to pay for things that pop up unexpectedly (which they always do!).

As far as insurance goes, you need to make sure you have property, health, life, pet, auto, and liability insurance to reduce your risks. You can make sure that you have all the insurance you need by talking with an insurance agent.

Finally, working with an attorney to set up a will, will ensure that you and your spouse are ready for whatever life throws at you.

4. Stick to Your Plan

You also have to try to stick to your plan. It’s one thing to make a budget, but it’s another to actually keep your budget. Try to stay accountable, and remember what your end goal is.

But also, keep in mind that when you initially create your budget you’ll likely have to modify it before it’s really livable.

Start Working Toward Financial Freedom Today

No matter what your budget or your plan looks like, it is important that you start working toward financial freedom today – using these four steps as a starting point for your plan for financial happiness. The longer you put it off, the longer it will take to achieve.

Financial happiness doesn’t have to be out of your reach. It’s very attainable. You and your family will have to put some hard work in now if you want to be able to live a financially free life later. Start working today!

I want to hear from you!

Are there any tips on being financially happy that work well for you? Please share them with me in the comments section below.

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Disclaimer: This is a sponsored guest post. Please see my disclosure policy for more information.

Comments 49

  1. I have really been trying to work on my finances and to get some savings going. This was a great article. Thank you so much for sharing. It is a big help

  2. Great tips. The budgeting is something I fail at. I make a budget but then will go outside that budge for “emergencies”. However emergencies can be as benign as just wanting something. I need to work on this and start building a better nest egg. Thanks for the reminder.

  3. I’ve always been the frugal one in whatever group I’m in, but I still have a lot of saving to do. I know I will have a financially happy life, I just have to work more at it.

  4. The trick to financial happiness is also about working smarter, not harder. Invest your time, energy and skills into things that have a big “pay off”…

  5. Everyone can achieve financial freedom if they put their mind to it. The problem comes down to this – the hardest part is the start. Most people have great ideas and aspirations but never seem to see the light of day because they just can’t get started. It’s a paralysis that can drag on for years. My tip, start on your business every morning. We are the most active in the mornings and our brains are fresh. Start off with 5 minutes then work your way up to a couple of hours each morning.

  6. yes sticking to a budget is hard …My husband took my cards and chop chop they got cut left me with one in case of emergencies that help with my impulse shopping …

  7. Thank you for the helpful tips. I believe planning and saving is very important. Having some funds to fall back on when somethings unexpected comes up is super important to me.

  8. For some reason I have a very tough time in this area. This has brought me some encouragement. Thank you so much for sharing this great information

  9. I’m excited to have read this. I just recently (as if i shouldn’t have done this from the darn beginning) made myself debt payoff goals. I cannot wait to be debt free, ESPECIALLY from my student loan that has been lingering over my head for 10 years now!

  10. Great tips! I can’t stress enough the importance of budgeting. There would be much less debt in the world if people lived within their means. This goes for me as well. I’ve gotten into the trap and spent badly. But I’m older now and am trying to live responsibly and debt free.

  11. These are ALL good tips!! Debt is a stresser! And your right about seeing a lawyer BEFORE you HAVE to!!
    Sometimes I am a procrastinator and this is not good!! Every time we have some money set aside, something always comes up!!! I’ve had to sell some stocks that I bought for retirement just to pay health bills.
    I pray about this to the Good Lord – HE gives me peace!!

  12. These are great tips! Budgeting is so important, it’s easy to get distracted but I focus on keeping my life debt free!

  13. One thing my hubby and I realized is that when we set a budget, we were depriving ourselves. So we decided to focus on making more money so we could save excess, as opposed to shaving off of what were making (and therefore not doing the things we really wanted to do)

  14. You don’t know how timely this is! That ‘make a budget’ and ‘stick to that budget’ hit me. Two very important things I’m working on currently. Thanks for this post.

  15. Great tips. I typically don’t budget hardcore because I think I manage my money pretty well. But maybe I can figure out some ways to get these school loans down a bit better.

  16. I am going to write this down and stick on the fridge as a reminder. I know going back to making a budget will be a huge good first step back in the right direction.

  17. It is so hard to stick to a budget/plan with a small child but so rewarding when you see what you can accomplish. Thank you for this advice.

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