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5 things to do now so you don't have to think about money

Jul 30, 2017, 21:05 IST

Flickr/pedrosimoes7

It's summer - chances are you've got better ways to spend your free time than worrying about money.

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But for 61% of Americans, money is an unavoidable source of tension, according to a survey from the American Psychological Association. More than one-third (36%) consider reducing stress a priority, but quieting money concerns requires more than deep breathing or meditation.

As a certified financial planner who spends a lot of time helping clients get their financial life in order, I've noticed a cruel irony of money-related worries: The more you try to ignore your financial situation, the more you tend to think about it. In my experience, the best way to reduce financial stress is to face it.

For some people, that means tackling long-term financial challenges, like paying off student loans. But even seemingly simple tasks, like sticking to a budget, can hang over your head.

So, to put money out of your mind, schedule a few focused hours and add the following five tasks to your to-do list. Before you know it, you'll have your money management on auto pilot, and you can return to more enjoyable things, like relaxing on the beach.

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