Money is a leading cause of stress, there’s no arguing it. The almighty dollar worries us more than work, family, and even our health, according to the American Psychological Association. Money-related stress isn’t just aggravating though. It has actually been linked to negative effects on health and longevity, and is also believed to contribute to poor decision-making.
Why do so many of us succumb to money-related stress? If we’re not handling our finances to the best of our abilities, the shortcomings are often related to our saving habits. We spend too much and save too little, or don’t save anything at all. Every working-age adult should be able to lay claim to three types of savings, and should be committed to ensuring each of those accounts is properly funded.