In part 1 of this series, I discussed how the burden of financial insecurity can lead to immense stress and unhappiness. I explained how easy it is to fall into a cycle of despair spending, where you try to buy your way to happiness through mindless purchases that never actually leave you feeling or satisified. The solution for such a complex, multi-faceted problem is equally complex, so I broke it down into three components, the first being to suck it up, and create a budget, if only a very low maintenance, such provided automatically by most credit cards.
That allows you to see where your money is going, so that you can move onto step two, which of course is more important, and trickier. However, a happy, and rich life requires it, so let’s see what else you need to do to escape the financial stress trap that has ensnared all too many Americans.