It isn't until we took a good hard look at how we got ourselves in
debt, that we were able to start working on a way out. This isn't
for the purpose of placing blame, but is necessary to determine what
changes needed to be made and to prevent it from happening again.
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Are you owing money in all different directions? This is a problem
that a lot of people are experiencing today. It can be one of the
most helpless and frustrating situations most of us can find
ourselves in. To make matters worse, it seems the harder we try to
get a handle on our finances the deeper in debt we become.
There isn't an answer that covers everybody, naturally, but I
believe that in most cases we simply weren't paying close enough
attention to the details of our finances. We figure that an extra
payment here or there won't make a difference, until it's too late.
I know for myself and most of the people I have counseled over the
years, that it wasn't until we took a good hard look at how we got
ourselves in debt, that we were able to start working on a way out.
This isn't for the purpose of placing blame, but is necessary to
determine what changes needed to be made and to prevent it from
happening again.
I have found that very few people, including myself, have ever been
taught even the basics of proper money management, either at home or
at school. If you are just starting out in the work force or going
to college, it is time for you to learn that you have to work at
managing your money, everyday. It is essential that you learn as
much as you can about setting up a budget and using every expense
cutting method you can think of. Even if you are making good money
you need to know exactly what you have coming in and what you have
going out. There are a lot of people making $70,000 or more a year
that are having money problems.
There usually isn't just one thing that causes us to accumulate
debt. It can be anything from buying more house than we can afford
to running our credit card balances to the hilt. It almost always
happens a step at a time.
For most people, there are too many expenses for the average
individual or family to keep track of in their head. You have to
take what ever time you need to put this information down on paper
after considering all of your possible expenses. You can do this on
a piece of notebook paper or find a simple budget form. Which ever
way you choose, make sure that you review it before you make any
purchases.
As I stated before, it is necessary to know what events led to your
money problems so that you will know what actions to avoid in the
future. This will be important on the road to your financial
recovery.
have
the courage to question & challenge the status quo... refuse to
accept "traditional" thinking and answers as fact....
~Kimlee
