Peace of mind is the most important financial asset

February 27, 2014

Whether you are struggling to make ends meet or you’re comfortably off and looking to invest, you cannot underestimate the value of having peace of mind. With the finest insurance in place, the best funeral plans made and the pleasure of knowing your bills are all paid for, you know your financial future is one of those aspects which you can relax about.

It goes without saying that for many of us money issues will continue to occur every so often, but it makes sense to make every effort to ensure they remain issues and not problems. The more sensible among us will always make sure they plan for a rainy day, even if that means just putting a small amount to one side to be used for the occasional emergency.

One of the most sensible strategies is to open a bank account that is to be used solely for savings. Many people try to save money in their usual accounts but in truth this doesn’t always work. Sooner or later the money becomes part of the monthly budget, and the end result is that it starts to disappear. In most cases, this spare cash is unlikely to ever return.

Keep your money compartmentalised

By establishing a separate account, perhaps even with a different bank entirely, the money that’s in it will maintain an air of separation from the standard monthly budgeting. In our minds, if the money doesn’t belong with the rest it will start to feel like savings rather than ready cash. It’s all in the mind, of course, but it’s a useful strategy to use at times.

Anyone who has ever lain awake at night and worried about bills which need to be paid later that month will know how harmful these worries can be. In many people, they become damaging to health; stress is a very real problem for millions of people around the world, and one of the most common causes of this is the concern about personal financial issues.

We all have a need for inner peace, but not many of us manage to achieve it. By making sensible choices today, we can make tomorrow a better time for us. While it’s very easy to talk about saving and very difficult to actually do it, you should make every effort to bring yourself that much-vaunted peace of mind that we all dream about.

Most of us will never be in a position in which financial worries disappear altogether, of course, but even the smallest changes can reduce stress and increase harmony. When you start to worry less, the benefits to you and your family are noticed immediately.


  • Michelle March 1, 2014 at 9:16 am

    It has taken a very long time to get my finances to the point where I’m not experiencing daily anxiety. You are 100% correct when you say that piece of mind is the most important financial asset. Now that I’ve got things organized and have a workable financial plan I feel empowered and in control of my day to day life-and future!

  • PFUtopia March 5, 2014 at 9:45 am

    True financial peace of mind probably can’t be attained until one reaches financial independence, but you’re right, Marissa. Achieving that peace of mind is so vital…humans weren’t designed to constantly worry about finances!