It’s Friday and you just got paid! After sending off that last check to pay for necessities; food, car payment, rent, etc., you have $100 left. What should you do with it? Save it or pay down debt?
I’m seeing more and more clients who are banking on retail therapy to get them through this recession. They’re using shopping to numb the worry and stress of unsteady income, shaky jobs, treacherous home mortgages and rising food and gas prices. When they feel bad for whatever reason, off to the mall, bookstore or even grocery store they go.
Most people create a family budget to organize their household finances. While others utilize a budget to get out of debt as fast as possible.
Personal Finance Advisers come in different varieties. There are three types at the moment, with the prospect of a fourth on the horizon.
Have you ever had $100 or even $200 in your wallet only to find at the end of the week you have no idea where it has all gone? It probably happens all the time, right? One of the first steps you need to take to get your personal finances on track and get out of debt is to be aware of where your money is going. Think of it this way $100 a week becomes $5,200 for the year or even if it is $100 a month that is $1,200 a year. That’s a lot of money not to know where it is going and if you are coping with debt it makes it even more important.
