Finance management is not teach in School and that why people struggle so bad. Most people only watch TV and guess what TV tells you? To buy more stuff, because you should need it and it should make you feel good. Well, we must make now changes to save this country and the best is when every one starts now! Getting out of debt and building wealth, only then you will be powerful, but with debt you will live in fear and can't enjoin life.
Now let declare War on Debt and start in your own finance department. Get debt free as soon as possible and it will increase your income also.
1) Spend less than what is coming in! Buy only what you really need and not what you want. (only when you make so much money and can afford to spend as much as you want)
2) Pay off all your credit cards and don't use them! Only when you must use them for business and they are paid off before the month is over.
3) Get rid off things that cost you only money! Do you have a RV or Yacht and don't use it? Make an inventory about everything you have and for what you spend all your money. I bet you can see were you can make cuts and save money.
4) Save on Groceries! Don't go shopping because you feel like, go shopping when you need it. Make your shopping list and stick to it. Stay away from precooked or prepared food you will so much more, and think about all the chemicals they put in there! Go back to the old fashion way and cook your food from scratch, not only will taste it much better, but you will lose weight and save a lot on your grocery bill. Go shopping when your fridge and cabinets are empty.
Do you know that people buy too much food and than throwing it away? You lose a lot of money and make others richer.
5) Don't buy this huge big house, because you make more money. No, think that all this extra room need to bee cleaned. Than think about when you are older it will be harder to keep up with it. Just have a normal home that makes you feel home. I personally like a house to live in it, not as a show case.
6) Don't buy because you think other expect it from you! They don't pay the bills for you.
7) Pay all your bills, pay yourself, put money into your business and invest money. You should always be able to pay cash for the things you need or want. When you just want something, than first save your money up for it and pay in cash. What the funny part is, sometimes people have no need anymore to that item they save for, but they had bought it when they only had charge their credit card.
Money always has to move, and when you just waste your money, your money will find a way to be wasted, but when you control your money and were it should go, more money will go to that please.
Are you ready to declare War to Debt?
What will be your first step?