First, young adults aren’t taught financial planning and economics in school. From fifteen years old, a young adult can find a part-time job and work. Then, what do they do with their money? Often, with electronic transactions and direct deposit, teenagers aren’t aware of how checks used to be handwritten. And, we are not taught how to keep track of spending. Credit cards complicate matters more. So, financial therapy in New London, Connecticut helps you feel confident spending money.
Do you worry about every purchase?
Well, if you worry about spending one dollar, you’re in the right place. Is your relationship with money challenging you? From financial therapy in New London, Connecticut, you can learn skills to overcome this money anxiety. Really, money and you relationship to money doesn’t have to be so scary. Also, in financial therapy in New London, Connecticut, you can learn confidence building skills around money. At Wisdom Within Counseling in Niantic, Connecticut, you can learn to use money for self-care and self-love. You no longer have to be afraid to buy something for yourself. And, you can learn to have a healthy, positive relationship around money. Do you feel afraid around money, or asking for a raise at work? Well, in financial therapy in New London, Connecticut, you can learn holistic techniques for years to come. Also, some people over spending and under spend in cycles. Call/text 860-451-9364 for a financial therapy phone consultation at Wisdom Within Counseling in New London, Connecticut.
Financial planning tips for young adults through counseling
Further, these positive coping skills to express emotions in healthy ways promotes lifelong financial balance. In young adult years, money issues develop. Also, spending problems can get a lot worse without financial planning tips for young adults through counseling. In Niantic, Connecticut, young adults can work with a professional marriage and family therapist and talk about money issues.
What causes financial issues for young adults?
Sometimes, anxiety, fear, insecurities, and abandonment cause money problems and spending issues. Really, over spending and under spending can have these same root emotions. Without positive coping skills like art, yoga, or walking, young adults can get int o major debt. In Niantic, CT, counseling offers financial planning tips for young adults and they are provided weekly. And, to work on processing the negative, lingering emotions like shame and guilt, holistic therapies are available. For example, you can use painting to let go of grief. Perhaps, you began spending more money around a past loss or breakup.
Overall, financial planning tips for young adults help lay a foundation of mental wellness for years into the future. Call/text 860-451-9364
Personal finances often become a major problem once debt has been accrued and a young person already has five credit cards. At that point, it is very challenging to recover, but it is possible. Here are some tips to help young adults with personal finance now!
Make a list of all purchases- Tip #1 in financial therapy in New London, Connecticut
Write down everything you buy or spend in your own handwriting. Use an app or my personal favorite, get a large monthly calendar, and jot down what you purchased and what you earned each evening. You may realize that you are spending more than you are earning when you look at it like this. You can also look at monthly re-occurring expenses such as Shopify, Pandora, Internet/Cable, monthly subscriptions, and memberships. Ask yourself, “Do I really need 2,000 premium channels on tv, or can I settle for 50 channels that I actually watch for a lower monthly rate?”
Make an emergency fund- Tip #2
Create an emergency fund. Once you have left your parent’s home, you may find unexpected expenses pop up. For instance, your cat played with your expensive earrings and you need to buy more. Your cute, new puppy chewed your laptop charger and you need to purchase a new one, and need it overnight shipped because a huge work project is due tomorrow. Set aside and save six months worth of “comfortable living” money.
Look into insurance- Tip #3
Figure out your insurance options for your health and your car. This may mean making a few phone calls and spending some time looking at different plans. Take the time to do this now, when you are healthy and have the energy. If you qualify for state insurance, go for that option. However, don’t go without health insurance or a surprise injury may break the bank. When looking at car insurance, remember to drive safely. Moving violations and tickets not only cost a lot, but also increase your insurance costs.
I hope you enjoyed some quick tips for young adults who want more organized personal finances.
Call/text for your free 15 minute phone consultation 860-451-9364. Read more in book your session online and WisdomWithinCt.com!
Written By Katie Ziskind
Offering financial therapy at Wisdom Within Counseling in New London county in Southeastern Connecticut
This article was written by Katie Ziskind, Licensed Marriage Family Therapist, 500-hour Registered Yoga Therapist, is the owner and clinical director at Wisdom Within Counseling in Niantic, Connecticut. Finding a family therapist in Niantic has been very difficult until now. Katie also offers teletherapy and distance counseling. One fun fact, Katie Ziskind began playing with dying her hair blue and green in 2019. Katie Ziskind LMFT, RYT500 combines her highly effective specialties of art, yoga, music, and animal therapy alongside talk counseling.
More about Katie Ziskind LMFT RYT500
Katie is an expert with distant couples, adults, children, adolescents, teenagers, and the young adults. She offers therapy for teens in Niantic. Parenting sessions and couples therapy for parents challenged by their children, are also part of her practice. Overall, Katie Ziskind in Niantic, Connecticut is affirming and open to the LGBT community. She specializes in yoga therapy for athletic individuals who have a sports injury and have been through trauma.
