Saturday, November 15, 2014

Money matters: more confidence and a modicum of control

On a completely different topic, money is a big focus for most people, particularly post September 2008. The economy continues to keep most of us in a position of stretching the not so almighty dollar. Job security is not a certainty these days, incomes are typically lower and yet prices continue to soar. Apparently, we've never talked about money this much in our lives and things are out of our control more than ever. Fortunately, according to financial experts, there are a few small, fairly painless things we can do to provide some much needed relief and a sense of calm and confidence in our future.

Suze Orman, in the 9 Steps to Financial Freedom offers the following tips to name a few:

* Stay home one day a week - make sure to have all the food, entertainment needed (and stay away from the home shopping network/online shopping, Lol),
* For recurring expenses such as hair cuts, wait an extra week in between visits
* Keep track of what we're spending, and on what, monthly... apparently, we tend to adjust our spending when we see exactly where our money is going. Gives us a chance to decide ahead of time where we want our money to go.
* For more tips, check out the book :)

What's really interesting is this.. according to Suze Orman, no matter how much we make, we tend to find ourselves in debt. We raise our standard of living according to our earning power. So, we're supposed to intentionally live under our means, watch our money grow and voila! No more money problems:) Well, not sure, Lol. For most of us, our eyes are bigger than our stomachs, so we're going to continue wanting new stuff.... but by introducing some of the genius tips from experts like Suze Orman, we may be able to get ahead anyway. Nice!

Blessings,

Chatgirl




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