It takes a lot of effort to sit down and calculate your expenses and come up with a debt recovery plan. It can be very time consuming to log your expenses for several months and come up with a good estimate of your monthly expenses and then compare these to your income to see where adjustments can be made.
No one wants to think about a time when they are no longer here.
People often get good at lying to themselves when it comes to money – sometimes TOO good. This is especially true when people mentally fib to themselves about how much money they really have and what they really can afford to buy. With an ultra-tight economy affected a large number of families across the nation, it is important to find some honesty and truth when it comes to your money and financial situation.
I know we are just one day post Christmas 2008 and many of us may be thankful for a long weekend or even a long holiday vacation before the start of a New Year.
When your monthly expenses are greater than your income, you must rein in your spending and stop using your credit cards. The same is true if you’re just barely getting by each month, if you’re paying only the minimum due on your credit cards, or if you have little or nothing in savings.
