Where is Your Money Going?


Do you find it hard to keep an account of your money? I remember getting paid on the 1st of the month just to become broke by the 2nd after paying all of my monthly bills. How can you manage your money and get out of debt? Money is one of the leading causes for divorces or breakups. One way to get out of debt is to STOP SPENDING!! I know it is easier said then done. The first thing you should do is to write down all of your monthly bills and expanses. Once you have done this, you will know exactly how much you have left to spend. I know most of us live check to check so there is not much left to do anything. It is important to live within your budget. If you don’t have it to spend, don’t spend it.  This too means to stop using your credit cards.  The interest rate you are charge monthly doesn’t put a dent in your over all bill.  The best way to get rid of your credit card debt is to pay the card with the largest amount off first and only use it for emergencies. An emergency is not going to the mall or to a restaurant. Also, try cutting back on your bills. Try eliminating the high cable bill and keep the basic channels. Rent movies when they come out instead of going to the movies. You can also cut back on eating out from every week to twice a month. All the little things can help with the big picture, which is to save and preserve your money. If you are still unable to budget your money, try to sit down with a financial planner or see if your church or school have a program that can help you with a financial plan.

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