3407: 6 Ways to Fix Your Finances and Resuscitate Your DOA Money Situation by Mikey Rox on Financial Recovery Steps

Have you ever noticed how a calm mind can really set the stage for a good night sleep? That's the idea behind our new podcast, Good Sleep. Greg, our host from optimal relationships daily, is here to help ease you into a peaceful night's rest with some positive affirmations. And these affirmations aren't just comforting. They can help ease anxiety and nurture positive thoughts, setting you up for true good sleep. So press play on good sleep tonight because a good tomorrow starts with a good night sleep. Just search for good sleep in your podcast app, and be sure to pick the one from Optimal Living Daily. This is Optimal Finance Daily. Six ways to fix your finances and resuscitate your DOA money situation by Mikey Rocks with lenpenzo.com. Stressed out by your financial situation? Aren't we all? Here are six strategic moves you can make to regain control of your money situation, fix your finances, and put you back in the driver's seat. Have a listen. Number one. Stop impulsive shopping. Many of us are guilty of shopping impulsively when there are good deals thrown in our faces via junk mail, advertisements, and other promotion media. But the only time those deals usually make sense financially is if they're actually needed at the time of the sale. Otherwise, we're just spending to spend. Jeff Kressler, coauthor of the book Dollars and Cents, explains, quote, when you buy something that used to be a $100 but is 35% off, you're not saving $35. You're spending $65 Instead, compare the price you're paying to zero, that is the price of not buying it at all. Number two, cut back on reoccurring subscriptions. The subscription model is growing in popularity, so it's easy to overdo it and maybe even forget about all of your subscriptions. Personal finance expert, Jeff Proctor, suggests an easy way to fix your finances by taking some of your budget back. Quote, pull up your online banking information and write down every single reoccurring subscription that you've paid during the past ninety days. I did this recently and was surprised at how much I was spending. I'm not saying you have to give up your beloved Netflix, but cutting a few items out or even reducing a current subscription plan can be a great way to reinvigorate your wallet, end quote. Adds Logan Abbott, who's the president of Wirefly, an online comparison engine that helps people save money on monthly services, Quote, many people sign up for monthly delivery services like vitamins, razors, and online news websites, then they stop using the product but forget to cancel. You can identify these forgotten subscriptions by simply scanning your credit card bill, end quote. Number three, transfer high interest credit card balances. According to Abbott, one of the first jobs for fixing your finances is to make sure you're not paying interest on any large credit card balances that you can pay off. If you can pay it off, …