Launch Pad Solutions Forum

[Michael Halper]

One of the most common causes of stress in life and in relationships is money. With that being the case, finding a way to improve your financial stability, you can decrease your level of stress driving and improvement your life and relationships.

Personal Finance Equation
One of the most obvious ways to improve financial stability is to find a way to increase one’s level of income. Unfortunately, most of us have fairly limited control over making this happen in the short-term. The area where we do have control in the short-term is the area of controlling expenses.

By placing attention on decreasing and controlling expenses, the gap between money coming in and money going out will increase. This gap is technically referred to as discretionary income and is basically the money that you have left over after you pay everything that must be paid in order to survive and meet obligations. Discretionary income is like a cushion and the smaller it is, the more stress we are likely to have when it comes to money and finances. Thus, if you can effectively control and decrease expenses, you will in increase your discretionary income and this should improve your financial stability and decrease stress.

More at http://www.coachingyou.org/improving-li ... -a-11.html