Money worries are rampant among Americans.

A recent survey by CreditCards.com found that 62% of Americans were losing sleep over their financial problems.

The most common fears they expressed were not having enough money for retirement and education expenses.

If you find that money worries are keeping you up at night, here are some steps you can take:

Ask yourself some questions. The first one should be, “What are you really worried about?” Then ask yourself, “Is it something I have control over?” If it is something within your 

  1. control, take steps to fix the problem. Living within your means can help you get on track to mend most money problems.
  2. Develop an action plan. When there is a specific money problem nagging at you, it’s easy to avoid dealing with it and hope your circumstances will change. But to truly change the situation you need to confront it head on. Sit down and take an honest look at your finances. Developing a plan of action will help you feel more in control of your future.
  3. Take specific measures today that will reduce your stress in the long run. Set aside a little money each paycheck—no matter how small—to begin an emergency savings account.
  4. Strive to put away enough to cover expenses for at least three months. Don’t get hung up on how big this number is. Just steadily keep adding to your fund. Develop a side gig like selling handmade items online or freelance photography so you have multiple income streams.
  5. Meet with a financial adviser to make sure you’re saving enough for retirement. Whether you open an (IRA) individual retirement account at your Credit Union or a 401(k), start saving now. If your company offers to match your contributions to your 401(k), contribute at least the amount you need to in order to get the match. If you don’t, it’s like leaving free money on the table.

Visit Directors Choice Credit Union for help. As a not-for-profit financial cooperative, each credit union’s mission is to help members become better stewards of their finances.

© Credit Union National Association