9 Practical Solutions To Your Money Concerns

Photo by Karolina Grabowska

I suppose it’s safe to say that most of us have been through some kind of financial crisis. And, especially now that we are on the verge of another recession, it is critical that we manage our money wisely in order to ride out the storm. So, here are 9 practical solutions to your money problems.

9 Practical solutions to money concerns

Although some people argue that money cannot buy happiness, we all know that those who live along that line just don’t know where to shop!

But kidding aside, we all know that money plays an important role in our lives.

And that having or not having money can define the quality of life we live. Because money provides both freedom and security. And these are things we cannot ignore.

So now, here are some practical solutions you can try in order to overcome your money concerns.

Work hard

Did I just hear a groan? I know right, this is hardly a solution. Because that is exactly what you are doing right now.

However, as Brian Tracy stated in his book Goals, success is directly proportional to what you do after you have done what you are expected to do.

So, this is going the extra mile. This is where the money is going to be. Money is almost always associated with success. So, whatever you’re doing right now—whether at work or in business—go the extra mile.


Start saving now, no matter how little you are currently receiving. Make it a habit to set aside a percentage of your earnings in a separate account.

You can follow the 6 jars financial management system by T. Harv Eker wherein you allocate your income into 6 parts, as follows:

  • 55% for basic needs such as food, rent, clothes, utilities, transportation, etc.
  • 10% long-term savings account for use as an emergency fund, large-ticket purchases, or travel.
  • 10% play account. This account will be used for leisure and fun activities for you and your family.
  • 10% personal education account. The money in this account will be used for furthering your education. Because, as they say, when you learn more, you earn more.
  • 10% Investment account or your financial freedom account. The money in this account is only for investing. Either in real estate (e.g. rental properties), stocks, mutual funds, bonds, or other investments. Later on, you can use and enjoy the fruits of this account in the form of passive income.
  • 5% Donation account. Whatever money goes into this account is solely for supporting the causes you believe in. For charitable contributions or random acts of kindness.

Be open to opportunities

There is no better time than an economic downturn or recession to be on the lookout for new opportunities.

Thus, it is critical that you maintain an open mind, become more mindful, and be receptive to new ideas, information, or solutions that may lead to financial success.

Have courage

Have the courage to pursue a dream, an idea, or a great opportunity that you believe will bring you success.

For sure, finding the courage to go after your dream requires a great deal of effort. Even if you know that the positive outcome will far outweigh the risk.

This is due to the fact that the fear of failure, embarrassment, or additional financial loss will continue to hold you back.

However, once you overcome your fears and find the courage to pursue the idea you’ve been mulling over. You will definitely increase your faith in yourself and boost your self-confidence. Allowing you to reap more benefits, including financial rewards.


Invest in yourself. And keep learning. So as to improve your financial situation and achieve financial freedom and security.

Learn about making your money work for you. Find out how you can invest your money so that it can earn interest, dividends, rental income, and other forms of passive income.

Live below your means

Spend less than what you earn. This will result in more savings, more money for investing, and ultimately more money working for you.

The best advice that will allow you to achieve this is to let the Joneses be. Don’t try to keep up with their lifestyle. Maintain your own sensible lifestyle. Pretty soon you will find yourself financially secure and living the life you want.

Keep improving

Another excellent and practical solution to your money issues is to continue to improve yourself.

Develop yourself by honing your strengths, overcoming your weaknesses, cultivating good habits, and stepping outside of your comfort zone more frequently.

These things will not only enhance your personality and character, but they will also increase your value and worth, resulting in financial gain.


It’s not what you know, but WHO you know, as the saying goes. Therefore, aside from continuous learning, it will also benefit you to network and connect with others.

Take an interest in them. Get to know them. Take the time to learn from them, particularly those who are more successful than you.

Of course, your networking will be the kind where you are connecting with them and helping them in any way you can. Allowing them to know you and the value you can provide them. Not the kind where you have a hidden agenda or a favor to ask.

You will undoubtedly accelerate your path to success by networking, knowing, and connecting with the right people.

Be grateful

Lastly, one other solution for your money concerns is to be grateful. Unconventional? No, but I will leave it to the psychologists to better explain the logic behind this concept.

Suffice it to say that you will have a better chance of achieving financial success when you are grateful. And happy with the things you already have while striving for the other things you want. Compared to being stressed and fearful because of what you lack.

Your emotional stability will be the guiding factor in pursuing your life goals.

When you are grateful and happy, you will have a positive attitude toward developing yourself, connecting and nurturing relationships, and finding ways to achieve success.

However, if you are constantly in a negative frame of mind, it will be difficult to find solutions to your financial problems.


To summarize, most people have financial concerns. There are, however, practical and doable solutions to your financial problems. So, here are 9 practical solutions to consider:

  • Work hard,
  • Save,
  • Be open to opportunities,
  • Have courage,
  • Invest,
  • Live below your means,
  • Keep improving,
  • Network, and
  • Be grateful for what you already have.

If you use a combination of, or all of, these practical solutions, you will be well on your way to financial independence.

Please share your thoughts or ideas about 9 Practical Solutions To Your Money Concerns in the comments below. And if you liked this article, you might be interested as well in these articles:

Why Good Habits Beat Motivation
How To Define Yourself By Your Habits
9 Effective Habits For A Happy Life
Building Good Habits For Your To Be
7 Tips On How To Develop A Persistent Habit

5 Organizing Habits You Can Learn From Organized People
Small And Easy Habits That Can Change Your Life
Habits To Overcome The Struggle Of Waking Up Early
10 Simple Minimalist Habits You Can Develop
Top 10 Good Habits That Will Change Your Life
5 Reasons Waking Up Early Will Help You Reinvent Yourself
5 Hacks That Will Make You Wake Up Early Like A Pro
50 Quotes To Make You Win Over Money Issues

Outside reference/s:

This JARS Money Management System Can Work Miracles For You

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