3 steps to reach financial stability this year

Work toward peace of mind by reducing stress related to money

woman balance between time clock and dollar money on seesaw
"Being financially stable means you have enough money coming in to cover your expenses, as well as some extra funds to put aside for savings or potential crises"
(Image credit: Getty Images)

If you've been dreaming of financial stability, why not make this year the year that you actually achieve it? Even if it feels like a big leap from where you currently stand financially, with a little discipline and the right roadmap it is possible to get there.

According to Rocket Money, "being financially stable means you have enough money coming in to cover your expenses, as well as some extra funds to put aside for savings or potential crises." Not only does financial stability mean "that you have enough money to pay for the costs of life, but it also provides peace of mind by reducing stress related to money," freeing up that mental space to "instead focus on personal goals and overall well-being," explained Rocket Money. 

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Becca Stanek, The Week US

Becca Stanek has worked as an editor and writer in the personal finance space since 2017. She previously served as a deputy editor and later a managing editor overseeing investing and savings content at LendingTree and as an editor at the financial startup SmartAsset, where she focused on retirement- and financial-adviser-related content. Before that, Becca was a staff writer at The Week, primarily contributing to Speed Reads.