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De-Stress Financial Life, Here Its Tips

de-stress-financial-life# Deal with your debts

Being pursued by moneylenders for cash you don’t have is a standout amongst the most distressing things that can transpire. What’s more, stressing over whether you’ll have the capacity to meet your next home loan or advance installment is positively enough to keep you up around evening time.

In any case, putting your head in the sand and attempting to disregard the issue is most likely the most noticeably awful thing you could do.

In case you’re agonized over paying your home loan, a snappy call to your bank could be the arrangement. Numerous banks or building social orders offer transient installment occasions to those in budgetary boiling hot water – yet they will be a great deal less thoughtful in the event that you just reach after you have begun missing installments.

In case you’re an occupant, your lease ought to be your money related need similarly as home loan installments – you would prefer not to out the rooftop over your head at hazard.

Other ways to reduce the debt-related stress include consolidating several balances on to one credit card with a long 0% interest balance transfer period (you will need to pay a transfer fee) or using a loan with a competitive rate of interest to clear other high interest debts.

# Catch the savings bug

It can seem hard to put a little aside each month, particularly when cash is tight. But the peace of mind of knowing you’re building a nest egg is priceless, and there are savings accounts to suit every circumstance.

# Get a better deal

It’s a horrible feeling thinking that you are somehow missing out on a better deal.

But that’s probably exactly what is happening if you have not compared financial products such as your mortgage, current account and credit card with the best offers around for a while.

Several of the best two-year fixed-rate mortgage deals on the market at the moment have headline rates of around 1.50%, way below the 4%-plus standard variable rates.

And current accounts often pay higher rates of interest than savings accounts when you agree to pay in a certain amount each month and pay a monthly fee.

# Protect yourself

Taking out insurance is certainly not one of the most exciting things in life, but it is one of the best ways to know that you and your family are protected should anything go wrong.

After all, not having an insurer to cover fire damage to your home, for example, could mean total financial devastation, as could you dying and not leaving a life insurance payout to help your loved ones.

And when it comes to car insurance, you could face a fine of £1,000 or more for failing to have the right cover in place.

To keep your stress levels in check, it makes sense to ensure that all your policies are up to date and offer the cover that you need. Just remember to shop around each year to ensure you don’t pay over the odds.

# Fix your energy prices

The cost of home energy keeps going up, putting an increasing strain on family budgets – and therefore upping their stress levels. However, you can protect yourself from future price hikes by switching to a fixed rate energy deal.

With these deals, the rate you pay for each unit of energy is fixed for a certain period – the longest fixes last until 2017. So if you fix, you bills will remain the same if you use the same amount of energy.

The best deal for you will depend on where you live and how much energy you use (and when). All the information you need to switch to a competitive fixed tariff is on your current bill – and we guide you through the process on our energy channel, so you can find out whether you can save in no more than 10 minutes.

# Bundle your TV, phone and broadband

Grappling with lots of different bills can be confusing and stressful. But the good news is that bundling your TV, phone and broadband together so that you have just one bill for all three could save you money as well as time.

TalkTalk, Virgin and Sky all offer deals of this kind, so why not check out how much you could save – and slash the stress of dealing with all those bills.