Just in case you missed it: How to Stop a Financial Tailspin Part 1, How to Stop a Financial Tailspin Part 2, How to Stop a Financial Talspin Part 3

I hope you’ve enjoyed this series on getting out of a tailspin. I’ve had this happen a lot in my own life and the last time a few things went wrong our savings account kept us from freaking out and I was able to look at a tailspin from the other side for the first time in my life. I challenge you to get to a place where car repairs are no big deal and bad things happening are a bump in the road and not a panic attack waiting to happen.

The final part of the series is how not to let it happen again. You deserve better than a life filled with fear, and you are the only one that can do that for you.

Never Let it Happen Again

The golden nest egg is something we all dream of. To have something go wrong and say, “It’s okay, we can just transfer money from the savings account” is a feeling that matches no other when you say it the first time.

It’s a simple fact: When you have a plan and a savings account financial tailspins just don’t happen as fast or hurt as much. All because you have a cushion and the panic never sets in. There are a few ways to get your finances under control and start a savings account.

Stop Saying it will Never Happen (or it won’t!)

I’m not a big fan of Law of Attraction or The Secret – I don’t think dreaming it makes it happen. But I do know that if you think you can’t do something, you will always be right.

If you tell yourself you’ll never be able to have a savings account, something will always come up that keeps you from starting one. Even if you just put away $20 a month – it’s a real start and in five months you’ll have $100. Sure it may not seem like a lot, but you know what, if you never start – you’ll never save.

Get a Better Job (or better clients)

What do you do now? Is there a way you can be making more? Do you qualify for finacial aid so you can get some more schooling under your belt and qualify for a job that pays more?

If you are a WAHM (work at home mom) maybe you need some better clients. Do you have clients that pay slow or late or not at all? Then you need better clients. Network, network, network and change who you’re working for if you need to in order to get clients that pay. If you have trouble selling yourself or your services because you have convinced yourself you’re just not good at sales…you need to take a class or get some help from a networking group because if you can’t sell, you’ll starve.

Start Small and Grow From There

From putting $20 a month into a savings account, try the next month to save $40. Keep upping it until you are budgeted to the point where you know you can’t save any more. Then, when you make more money, don’t blow it all celebrating or increasing your lifestyle or buying a new couch you really want but don’t really need – chuck it all in savings. With a high-yield savings account like ING or even if you use a service like Smarty Pig and transfer the money to a savings account like ING when you are done with your goal…you will be impressed at your savings and happy that financial tailspins can’t touch you!

Photo by barunpatro