Best Advice to Stop Struggling Financially (11 Key Tips)

best advice to someone struggling financially

If you are struggling financially, it is possible that you are not happy about your situation. It is not nice to worry about money all the time. I have been in that situation too. That is why I would like to help you with ideas on how to stop struggling with money. The tips below are some of the best advice to someone struggling financially.

While you are struggling financially right now, you should not accept that as your permanent situation. You can change it.

It is possible to stop struggling with money. I am here to hold your hands and help you get into a space where you will not be worrying about money.

While this might sound easy, I can assure you that the journey to financial freedom and abundance takes courage.

It will take a change of mind and working hard or smart to improve your personal finances.

When it comes to struggling financially, you are not alone. According to reports, many Americans are struggling with finances today.

It is becoming harder for many people to reach their financial goals. That means there is need for advice to people who are financially struggling.

This article’s aim is to help you take steps that will stop you from struggling with your money or personal finances.

Best Advice to Someone Struggling Financially

When someone you care about is struggling financially, you should give them the best advice to help them.

Here are some best tips and ideas to someone who is struggling financially;

  1. Know your situation.
  2. Take personal responsibility.
  3. Decide to change.
  4. Create a budget.
  5. Reduce or cut expenses.
  6. Set up an emergency fund.
  7. Manage your debt.
  8. Make more money.
  9. Leverage technology.
  10. Increase your financial literacy.
  11. Seek financial help.

If you are struggling financially, you should think of the above ideas to help improve your personal finances.

While having financial concerns is normal you should have a proactive plan to manage your financial stress and challenges.

However, being able to deal with your financial obligations is going to help your overall financial situation.

11 Steps on How to Stop Struggling With Money.

In order to stop struggling with your money, you should create a plan on how to get out of your current situation.

The following eleven steps are part of the best advice to stop your financial struggles;

  1. Know your situation.

This is the first piece of advice you should consider to stop struggling with your money.

It is about understanding and knowing your real financial situation. You are in a hole and it is best you stop digging.

You should accept that you are struggling financially. This will help you heal and start a journey towards financial recovery.

  1. Take personal responsibility.

Sometime, you might think that your financial situation is because of someone else. You might be blaming your boss, your parents, how you were brought up or the economy.

While all these might have had an impact on your financial journey, you are the only person responsible for your financial situation.

Take personal responsibility for your choices. This is the way you will be able to sort it and stop struggling financially.

  1. Decide to change.

Once you have accepted your current situation and have taken personal responsibility, it is time to move forward.

To do that you must decide to change your financial habits. You should take steps to stop struggling with money by changing how you relate with it.

You will not achieve any meaningful financial success unless you decide to change your ways.

  1. Create a budget.

A budget is very important when it comes to managing your finances. It is a tool that allocates how you spend each dollar you receive.

There are several approaches you can use to budget including the 50/30/20 budgeting rule.

Related: What is the 50 30 20 Budgeting Rule in Personal Finance?

The bottom line is you should list all the things you need to spend your income on.

  1. Reduce or cut expenses.

The reason you are struggling financially is possibly because your income cannot cover all your expenses.

If that is the case, you should find ways to reduce or cut off your expenses.

This means you should eliminate any unnecessary expense on your budget.

Focus on only spending money on the most basic things as you sort your financial situation.

  1. Set up an emergency fund.

When you get some income, you should always set aside some cash as savings.

This could be towards your emergency fund or your retirement savings plan like the 401k.

Related: 7 Benefits of Investing in a 401k Saving Plan

An emergency fund is simply the money you set aside for a rainy day. The truth is, it is going to rain some day, and you better be prepared.

Your emergency fund should be able to cover your living expenses for a period of months. In most cases, this should be three, six or twelve month of your living expenses.

  1. Manage your debt.

It is possible you are struggling financially because of your debt obligations. You might be paying off your debts which are reducing the amount of money available for other obligations.

If that is the case, you should consider ways to manage your debt in a more prudent way.

As a start, you should avoid adding any more debt. Then, start paying off existing debt immediately.

  1. Make more money.

While you might be focusing on your current income, and reducing expenses, you should also find ways to make more money.

This is one of the best advice to someone struggling financially. It is the one way that helps you to generate more income.

There are many ways and ideas you can use to make more money. They include trying out online business models such as blogging, affiliate marketing, selling digital products or dropshipping among others.

The objective is to increase your monthly income. This will help you stop struggling with money because you will have more cash to spend.

  1. Leverage technology.

In today’s world, you can be able to stop or reduce your financial struggles by leveraging technology.

You can use technology to manage your money. This would include using apps to budget or manage your debts.

Related: 12 Best Budgeting Apps You Should Consider

You can also leverage technology to save and invest your money.

  1. Increase your financial literacy.

One of the biggest challenges when it comes to the management of personal finances is lack of financial knowledge.

You might be struggling with your finances because you do not understand how money works.

In this regard, you should take time to learn or increase your financial literacy.

You can do this by reading personal financial books, reading financial blog posts, watching financial videos or investing in personal finance courses.

Investing in your financial knowledge is the best investment you can ever make.

  1. Seek financial help.

When it comes to financial matters, it also a good idea to talk to financial or investment advisors.

Getting financial help is one way of how you can stop struggling financially.

You will be guided on how to reduce financial stress, and also how to stop struggling with money.

The financial advisor might also help you with saving and investing strategies. All the tips and ideas you get will help you to reduce your financial struggles.

There you have it…

So, if you are struggling with your money, it is critical you consider these steps of how to stop being financially stressed.

Not having financial stability is not good. I have been there and understand how bad it can get.

However, if you stop struggling financially, you will appreciate the peace of mind that comes with financial freedom.

How to Tackle Financial Stress Today

When you are struggling with your finances, it is possible to get stressed.

Your financial stress comes from the inability to have enough money to deal with your issues.

In order to deal or tackle financial stress, you should do the following;

  1. Understand your money challenges.
  2. Be positive about the situation
  3. Create a financial plan.
  4. Take action to tackle financial stress.
  5. Review your progress.

As you can see, the above will help you to handle your financial stress.

  1. Understand your money challenges.

This is the first step in dealing with your current financial stress. You should be clear and honest about your situation right now.

This starts with listing all your income and expenses. You will also need to know how much debt you have.

To be able to solve your financial stress means you understand what is causing it.

Once you solve this, you will stop struggling financially.

  1. Be positive about your situation

Once you have understand what is causing your financial stress, you should not despair about it.

You are only stressed because you are unable to meet your financial obligations. You simply have little money.

That is the real issue. You should be positive in knowing that you can solve it. There is a solution to your financial challenges.

  1. Create a financial plan

To get out financial stress and stop struggling with money, you should create a financial plan.

Your plan should be clear on your sources of income, your expenses, savings plan and how much you will invest.

It is possible you are struggling financially because you do not have enough money.

Therefore, finding ways to generate an income or increasing your revenues should be the first priority.

This is the best advice to someone who is struggling financially.

  1. Take action to tackle financial stress

While it is easy to talk about how you can stop struggling with money the real challenge is on taking actions.

To be able to get out of financial struggle, you will be required to take very deliberate actions.

The action involves how you manage your money. This includes how to make money and spending or taking care of your expenses.

You might also need to pay off your debts as one way of how to stop struggling with money today.

  1. Review your progress

As you work towards reducing your financial stress, you should always track your progress.

It is important to have a progress review mechanism or system. You will be able to know whether the steps you are taking are helping you to tackle your financial stress.


In conclusion, you should find ways and take steps to help you stop struggling financially.

The truth is that it is not going to be easy. You should start by changing your mindset about how you think of your current situation.

It is important to also understand your own relationship with money. Dealing with money habits is the best place to start.

However, in order to stop struggling with money, you should learn to live below your means, create a budget, pay off your debts, save and invest.

If you can be bale to do these things, you will have started taking steps towards stopping your financial struggles.

I am sure that you do not want to continue being stressed by your personal finances. No one wants such kind of a life.

The above ideas and tips forms some of the best advice to someone struggling financially. Use them to improve your personal finances.