Financial Common Sense - 90 Day Look Back
Financial times are tough and it appears that everyone has the solution to fit your needs. However, most of them want you to pay for the advice. Is the advice worth the cost? The greatest financial tip that anyone can share with you is to get back to the basics. When you first learned math you did addition and subtraction, then multiplication and division. There were no X, Y or Z factors, at first. The best financial starting point is write a check for everything for 90 days. This allows you to actually see a full quarter of spending habits. The 30 day spending cycle is not accurate by any means. The second step is to not pay yourself first. That is what you’ve been doing that got you into a financial crunch. You paid yourself with credit cards and mad-money or cash in hand that you could not track. Since you have kept a funding total and memos up to date in the checkbook for the last 90 days, you now see the harsh realities. Where are you over paying yourself? That is a true statement when you examine it. You are not worth more than you were paid plus saved and inherited. You over pay yourself when you use statements like, ‘but I am worth it.’ or ‘I deserve to have it.’ No you don’t. Those are personality debt notes seeping over into the real pocket book. Finally, the only time you should pay for financial advice is when you can afford to. If the bank account is over drawn and they cut the power off? Have you used the public library lately? Stop renting movies and simply check them out for free. You might find one on budgeting made easy or living within your means. Budget your funds and quit acting like a politician and borrowing funds for the budget. Smile as you toss your pennies into that old mayonnaise jar on the dresser and look forward to purchasing that box of chocolates, bath beads and candles as you will become stress and debt free over time. Get excellent tips on everything important in life from shopping to business, computers to travel, and cars to finance. Click on http://www.EveryTip4u.com to get free articles that will help you in all areas of life and provide you with helpful links to even greater knowledge. Get help making informed decisions or just have more fun. All of the articles on EveryTip4u.com including this article are free to distribute for as long as this resource box is kept intact. I wish you much success, |
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