Money stress can be one of the worst types of stresses you can go through
We hear old sayings everyday:
‘Money isn’t everything”
’There are so many things more important than money.’
And while these sayings could be considered true, lack of money can actually cause many, many more problems than having money does.
While money isn’t everything I put it right up there with oxygen, because in today’s world, being able to earn enough to live is a necessity.
Many people get trapped in the consumer debt cycle. This cycle means you borrow to buy something, you end up paying twice as much as it is worth because of interest and by the time you have paid it off, you often need to replace it, and therefore have to borrow again.
Worse still is credit card debt. Extremely high interest rates mean that you can actually stay in debt for many years paying off silly things that have long since gone into the bin, clothes, toys or holidays.
Budgeting offers true control.
To some budgeting is a dirty word, whilst many think writing down their income and outgoings and working out what is left as a budget. But it isn’t, that’s just a list. A true budget, or as I prefer to call it - a Cash Management System – is when you take this list one step further and with the right tools record what you are actually spending against what you planned on spending and make decisions on a weekly basis on what is still available for the month. That is true control.
Once you have control of spending, you will find you have more money. The more organized you are – again the more money you will seem to have. There are many options and tricks to reducing debt.
Look forward to seeing you soon.