Get your financial life in order with these tips

New Delhi, June 10: Does thinking or talking about money matters makes you extremely worried? If yes, then you need to make some real financial decisions. Thoughts related to worries about the money can easily send you into a downward spiral of thoughts, centered around a lack of security that can feel next to impossible to pull out of. When you fear too much, you won't take the positive actions you suspect you should. All you need to do is change your mindset. Here are few tips that will assist you in identifying the problems related to your financial habits.1. Seek the help of a professionalThe role of a financial consultant/expert is to offer an independent, expert opinion on the money issues you are facing. It is a good idea to have someone to help you with money management. Experts say, “When you reach a point in which you're constantly afraid that you're going to make a mistake with your income/investments, then you need professional advice."But how do you go about finding the right advisor? First ask for referrals from colleagues, friends or family members who seem to be managing their finances successfully. Another avenue is professional recommendations. 2. Write down your worst money fears Make a list of all the fears related to your financial management. The better you understand what you fear, the better your chances of feeling less anxious about it. The next step is decide which fears are real and which fears are beyond your control. Cross out the ones beyond your control. Once you've identified your fears, now begin to identify what you would do in case you come across these problems. Who you would/could go to for help? What resources can you dig into if you face these challenges?In doing contingency planning, you need to detail everything that you can do in case you fail or face your worst fears. 3. Learn, it happens to everyoneKnow that everyone has their times when they are anxious about their money. The only issue with you is that you didn't get over it; however, remember that it happens to everyone. 4. What's the worst that can happen?Having financial worries can take a toll on your health, putting you at higher risk for a host of ailments from high blood pressure to heart disease. Consistent worries about money or losing your job can affect you badly. Being anxious about not having ample money is not going to solve the problem. You can get through this by taking care of yourself, reaching out to others, and taking the opportunity to rethink your money goals and rediscover what truly makes you happy.It's easy criticize or blame yourself, but it's important to avoid putting yourself down. You need your self-confidence intact as you look for a new job. Challenge every negative thought that goes through your head. 5. Create a budget The process of budget making exercise will help you take control of your personal finances. A budget will help you track how money you receive, and how much money you spend and save. It helps you set spending limits and live within your means. It helps you find ways to reduce costs and have more money for things that are really important to you. It is especially important if: * you don't save regularly* you find that money is tight* you don't know where your money is going* you have problems clearing your debtCreate your budget around your income. If you have seasonal employment, you will need to have adequate savings for the periods of low or no income. To begin, you need to track every money you receive and the amount of money for your family to live. Every month, be determined to only spend that amount. Any extra should go into savings to help you get through the slower months. This will require extra efforts on the part of the whole family. Learning to stick to a budget can seem difficult at first, but the more you use your budget, the easier it becomes.6. Sit quietly and release your financial fearsSit down in a quiet place and set a timer for 10 minutes. Close your eyes and think of the worst money mistake you have ever made. Relive the frustration you experienced one last time—and then let it go. After the timer is over, forgive yourself for your mistakes. 7. Build an emergency fundHaving an emergency fund has become a necessity nowadays. An emergency fund is a great tool to deal with the unexpected. Financial emergencies can come in the form of a job loss, significant medical expenses, home or auto repairs or something you've never dreamed of. For this you need to prepare an emergency fund with some extra amount of money that will cover those extra expenses. This begs the question: how big should my emergency fund be? Or, if you're like me, what's the minimum cash reserve I need to build up? Most experts agree that you should keep between three and six months worth of your living expenses set aside in your emergency fund. Depending on your specific situation and whether or not you have children, carry substantial debt and types of insurance coverage will determine what amount is best for you. The best way to get started would probably be through your bank. Open up a new savings account if you currently don't have one and begin to save with this first. The next step is to get into the habit of making regular deposits into this account.