You Need a Budget

You Need a Budget

For years, my wife and I just winged it when it came to money. We paid the mortgage, car payments, utilities, and credit card bills. We spent whatever was left over on ourselves and it seemed we didn’t ever have any extra money. There was hardly ever a time that we weren’t out of money before the end of the month. The worst part about it was that we didn’t even know where all of the money was going. If you want to get ahead financially, you need a budget.

Our spending was way out of control. When the money was gone, the arguments started. I would spend some money on myself and my wife would feel like she should be able to spend the same amount and visa-versa. This often led to hurt feelings and more debt.

While we were going through the program, my wife and I started to write a budget. Let me tell you, this is the very difficult first step to financial independence. Trying to get two people on the same page about where all of the money should be allocated is hard – very hard! But, we were committed to the process and knew it was the only way to climb out of debt.

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Get Out of Debt

Get Out of Debt

Debt is bad! It can cause all kinds of problems from the occasional anxiety to financial ruin. Yet, millions of Americans are going into more and more debt every year. Debt is sold with the myth that you can have everything you want in life and pay for it later. This is a disastrous way of thinking. Borrowing money is one of the dumbest things you can do in life and it can rob you of major wealth and happiness. Maybe you stumbled upon this post and you need to get out of debt. The good news is – it’s never too late to get out of debt. Let me show you how you can succeed in getting out of debt.

Changing the way you look at money is really a key component of getting free from the bondage of debt. It takes a major attitude change on how you view money to really change your life. I wanted the best of everything. But, not many regular people have the promise of everything they want. Instead of looking at money as an object that should be spent, it needs to be looked at as a tool to build wealth. Yes, we all need to buy things to live, but if you are paying on cars, credit cards and student loans every month, you are giving up the tool that can potentially make you a lot of money. Money that you are using to pay off loans and debt now could have been worth a fortune with the right investments.

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