Copyright © 2004 By Terry Rigg
There is a national crisis in this country and many others. That crisis is our consumer debt. As a typical American you may even be experiencing some financial difficulties yourself.
Do you think you have a lot of bills? If so, you are probably right.
But have you discovered the bill that costs you the most money each month?
On average your housing costs probably run about 30% of
your take home pay. Your other bills which include utilities,
credit cards, insurance, etc. also run about 30% of your take
home pay. It probably takes another 30% to run your
household and if you are lucky you can stash the remaining
10% in a savings account.
What are your percentages?
Do you know, or are you guessing?
That's the problem.
Most people don't know.
They run their budget out of their wallet.
There is that hideous word "Budget".
Many people compare operating their finances with a budget to having a ball and chain attached to their wallet. They won't be able to get anything they want for the rest of their lives.
Let's see if the following scenario fits you:
You may not realize it but if you are doing this you are spending a lot more money than you need to.
I can almost guarantee that if you are trying to run your finances like the scenario above at some point you are going to run into problems. It simply can't work.
The main reason for this is that you never get a broad picture of where you are financially. You pay the bills and hope you have enough money to buy your groceries and put gas in the car until next payday.
Most people can add and subtract.
If you aren't willing to take the time to do that adding and subtracting then living paycheck to paycheck will be with you the rest of your life.
Here are a few excuses I hear to justify this attitude:
I don't make enough money.
Now look at the numbers.
Do you have anything left over?
If you don't have any money left over then you need to consider cutting some of those expenses.
Money is a tool.
Now you need to decide what you really want your money to do for you. Set your goals! This could be saving for your retirement, buying a home, college for the kids, getting a new car or any number of things. That's why you have to decide for yourself. There are just too many variables for someone else to help you set your goals.
The answer is that you don't have to!
If you believe that managing your money is too difficult or just too much trouble consider the alternative. Not managing your money is probably robbing you of thousands of dollars a year and could easily lead to financial disaster.
Terry Rigg has spent 25 years counseling individuals and families concerning their personal finances. He is the editor of the Budget Stretcher web site http://www.homemoneyhelp.com and The Free Budget Stretcher Newsletter http://www.homemoneyhelp.com/confirmsubs.html Terry offers a free Budget System complete with the forms and worksheets needed to make it work.
Other Budget Stretching Resources The Debt Eliminator Save On Groceries! My Budget Planner Bad Credit Loans Can You Pass The Money Test? Cut Your Bills in HALF! Debt Reduction Software Credit Card Help! Free Budgeting System The Budgetmap System Money Management Tools Decorate On A Budget Budget Organizer (Printed) Calculating Budget Forms Get Organized Now! You Save On Taxes.com Work-at-Home Jobs Cash Back Rewards
The Debt Eliminator Save On Groceries! My Budget Planner Bad Credit Loans Can You Pass The Money Test? Cut Your Bills in HALF! Debt Reduction Software Credit Card Help! Free Budgeting System The Budgetmap System Money Management Tools Decorate On A Budget Budget Organizer (Printed) Calculating Budget Forms Get Organized Now! You Save On Taxes.com Work-at-Home Jobs Cash Back Rewards
Personal Help Index
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Make Incredible Pan Sauces At Home
Blend Your Own Scents.
Last Look at Leap Year
How to Promise the Moon
Credit Card Fraud on the web
Learn to Groom Your Horse
Barter is Better
Making Fast Cash from your Car
How to Install your ScreenSaver
Sitting on a Goldmine
Who is your long distance carrier?
Dealing with Computer failure
Help Your customers buy more
Aid for cottage industries
Making your fortune with Seminars
How To Use Your Walking Cane
Magic Learning System
Free Vacations by House Swapping
Computers aren't made to keep running The A-Maizeing Corn Heater
Tips for Bigger Phone Sales
Living wills for women
Sure Shot Yogurt Instructions
The Success Factor
75 Old Secret Formulas
One Out of Four
Meet the Cookie Monster
Help for New Surfers
Protection of Intellectual Properties
Ask for Success
Your BIGGEST Expense of all.
Smart Christmas Shopping
Efficient Moving Tips for Families
News the family can use
Fix Up Your Biggest Money Pit
The practice of shaving has evolved from a crude and often painful undertaking, to a fine art with an entire industry to cater for the needs of the modern shaver. Before you read further, I will assure you that this article will impart to you what the clerks at the chemist withhold, in their haste to sell their products; important “finer points” that make the difference between a smooth shave and a crude unsightly finish.
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