Having
Trouble Managing Money?
Is there always more
‘month than money’ in your household? Is
your bank account always empty? As
you look at this problem, do you say ‘I need to make more money’ or do you
say ‘I need to cut back on my expenses’?
The
art of living easily as to money
is to pitch your scale of living
one degree below your means.
- Sir Henry Taylor |
If you need to make more money that
may mean you are living above your income.
You may have what is sometimes referred to as ‘champagne taste on a
beer budget’. If you realize that
you can cut your expenses to match your income, you are half way to solving this
problem, you just need to take that next step and identify the expenses that can
be reduced or eliminated. If you
are in the latter category, check out the
following articles (Are You Living Above Your Means?
and How Much Does Life Cost You?) for
some help in that area.
You
should keep two basic facts in mind:
1. You are "in debt" because you spent more than you earned.
2. You can pay off your debts only by spending less than you
earn and
paying back what you borrowed or owe.
- Wisconsin CCCS Web Site |
If you are in a position of not being
able to meet all of your commitments, try contacting the Consumer Credit
Counseling Service. The National Foundation
for Credit Counseling web site contains resources you can use to locate an
office near you and obtain guidance on resolving your financial problems.
The services also include telephone and online counseling options.
Check it out and get some ideas on how to proceed with your debt
reduction.
Getting your finances under
control will relieve a great deal of pressure on you and allow you to enjoy life
to it's fullest.
- Joe Freeman
|
Often people attempt to live
their lives backwards;
they try to have more things, or more money,
in order to do more of what they want, so they will be happier.
The way it actually works is the reverse.
You must first be who you really are,
then do what you need to do, in order to have what you want.
- Margaret Young
|