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Back To Basics 101
With Kimlee
Simplifying Your Life
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 Welcome~
BACK TO BASICS 101 is all
about getting back to the basic essentials of everyday living. From Finances,
Organizing, Health, Parenting, and Fashion/Beauty you will find tips on how to
re-organize, re-evaluate, and re-do things for more simple existence...Simplify
Your Life!
~Kimlee |
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EDITORIAL OF THE WEEK
Friday,
February 29, 2008
Author: Kimlee, Financial & Advice Specialist
Don't Spend More (than u make!)
When you spend more money than you make each month you are bound to
have money problems very quickly. Sometimes we don't realize till
its too late!
How many times have you used the credit cards to buy a TV, school
clothes and supplies, fixed the car, or any number of things and not
realized that you just exceeded your monthly income. You may have
even realized it but thought there is always next month.
Credit cards are the biggest culprit but they aren't the only way to
spend more than you make. Ugg, and Payday loans, don't get me
started! Paying the "minimum" of $15 a month, at first, doesn't seem
too bad, but when you consider that you are paying 400% interest of
a years time--well, you do the math!
When you want or need something, you must first ask yourself...CAN I
AFFORD IT?
First, make a budget. Analyze the cost of your expenses vs. income.
After you do the math, see what is left over. Do NOT forget to
include an amount per month for MISCELLANEOUS items--which most
people forget.
I have seen people with as little as $500 a month income manage
their finances very well while someone else with $5000 income can't
make it last the entire month. It all boils down to planning. If you
plan your bills and purchases each month with the goal of not
exceeding your income, you can make it on almost any income.
Sometimes, the more you make, the more you spend....PLANNING is KEY!
Have the courage to question &
challenge the status quo...
refuse to accept "traditional" thinking and answers
as fact....
~Kimlee
kimlee@lieconomy.com
http://www.backtobasics101.com
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