You know those financial advisors who say that you should stop buying fancy coffees? Forget ’em. Giving up on your daily latte isn’t going to solve your money problems, but it might make you miserable. Money expert Jared Dillian has some better advice: start concentrating on major financial decisions and stop sweating the small stuff.
Focus on Big Purchases
Debt is a primary source of financial stress. There are three pivotal financial decisions that you need to get right: purchasing a house, buying a car, and managing student loans. With all three, prioritizing debt repayment over luxury is essential to alleviating stress (and building your net worth). Your goal should always be to minimize and eradicate debt as quickly as possible.
