"I deserve to buy “insert item here” because I work hard and I deserve it."
We hear this one all of the time. It comes from an immature attitude and one that will lead you into a place where you have a whole lot of stuff that you don’t need and a lifestyle that will eventually have you living in your son’s basement! Believe me, I am not advocating that you never buy something that you “want” but make it part of your plan. Saving a little bit of money from each paycheck will start adding up quickly. Take some of your windfall cash (tax returns and gift money) and stash away half of it and blow the rest.
"I’m young. I can start saving money later."
Another immature statement! Start when you are young and enjoy the mathematical explosion of compound interest. I have review chart after chart for saving money and every single one of them show that starting a lifestyle of saving money early in life will bring you financial freedom. Save $2,000 a year beginning at age 20 and do it for 6 years – never save another dime – and you will have more than $1,000,000 by the time you are 65! The problem is that “life” happens and we tend to dip into that money for “stuff” and it never makes it until we retire. Start young and begin a lifestyle of savings.
"I don’t make enough money to save anything."
If you have a job and earn a paycheck, you can start saving some money. Start small and put back $5 from each paycheck. You won’t even miss $5! Suddenly you will look at your account and realize that you have a few hundred dollars. Work up to a little more and start putting back 15% of each check. Slowly and gradually, you will amass a small fortune.
How nice would it be to not have to worry about money? YOU are your greatest obstacle. Step out of the way and change the way you are doing things now and learn to save a few bucks! You will be glad that you did.
mah
Showing posts with label budgets. Show all posts
Showing posts with label budgets. Show all posts
Tuesday, November 2, 2010
Wednesday, September 8, 2010
Losing Pounds of Debt
A recent report issued by the U.S. Consumer Study of Debt found that many Americans spend a large part of their day worrying about debt. Over 21 percent of consumers worry about how they will pay of their debt between 4 to 10 hours a day. The majority of consumers – 54 percent – worry about it between 1 and 3 hours a day.
High debt can create long hours of anxiety for most people, but there is a way to reduce and even eliminate those hours of angst over money troubles. Rather than throwing in the towel, you can choose to start from where you are and move forward. It’s kind of like losing weight. The past is the past. You can’t go back and change your bad decisions; you can only go forward to shed those unwanted pounds of debt.
While you are reducing your debt (calories), don’t let the rough spots drag you down so far that you can’t stick to the plan. If you hit a pothole as you are driving down the street, you don’t pull to the side of the road and quit driving! You have made it through some rough spots and now is the time to keep on going – forward!
Even if you have made a lot of past mistakes (and who hasn’t?), there are plenty of opportunities to make things right! Start out by making a conscious decision to change your behaviors. You’ve heard the old saying, “If you always do what you always did, you will always get what you always got.” The saying holds true for how you handle your finances. You won’t improve your situation until you try something different.
I bet you are saying, “This all sounds so good, but I have no idea where to start.” The first step toward recovery is admitting that you want things to change, and with that admission, you need to find some help. That is where we come in!
The Sacks Group has been in business since 1985, helping consumers and small-business owners find new solutions to life’s problems and struggles. Contact us today for a FREE one-hour consultation. We understand and can provide you with some direction.
www.BudgetingYourFinances.net
High debt can create long hours of anxiety for most people, but there is a way to reduce and even eliminate those hours of angst over money troubles. Rather than throwing in the towel, you can choose to start from where you are and move forward. It’s kind of like losing weight. The past is the past. You can’t go back and change your bad decisions; you can only go forward to shed those unwanted pounds of debt.
While you are reducing your debt (calories), don’t let the rough spots drag you down so far that you can’t stick to the plan. If you hit a pothole as you are driving down the street, you don’t pull to the side of the road and quit driving! You have made it through some rough spots and now is the time to keep on going – forward!
Even if you have made a lot of past mistakes (and who hasn’t?), there are plenty of opportunities to make things right! Start out by making a conscious decision to change your behaviors. You’ve heard the old saying, “If you always do what you always did, you will always get what you always got.” The saying holds true for how you handle your finances. You won’t improve your situation until you try something different.
I bet you are saying, “This all sounds so good, but I have no idea where to start.” The first step toward recovery is admitting that you want things to change, and with that admission, you need to find some help. That is where we come in!
The Sacks Group has been in business since 1985, helping consumers and small-business owners find new solutions to life’s problems and struggles. Contact us today for a FREE one-hour consultation. We understand and can provide you with some direction.
www.BudgetingYourFinances.net
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