Up until quite recently, I had a problem with understanding where my money was going every month. I used to be quite good with tracking my finances but I had fallen away from those habits and was making mistakes again. I was forgetting when automatic payments were coming out of my account and having to scramble at the last minute to find the money to
“Financially Overwhelmed” Series, Week 3 Budgets are, by nature, fluid documents that will change with your life circumstances. Some weeks or months will be more expensive than other weeks or months – like December if you celebrate Christmas. Life events can also change what your incoming and outgoing expenses are going to be over time as well. It’s good to be as prepared as possible
What is it that really moves you to want towards debt payoff? Or save more money, or make more money. It’s not the actual number that probably moves you; it’s what that number means. What does your number mean? Does it mean you can retire early? Maybe you want to purchase a house or travel around the world or do both at the same time.
Week 2 in Financially Overwhelmed? series You will see several approaches to putting together a budget in blogs, books and television shows. While there are very valuable reasons to track your expenses to show your spending trends; or to assign categories to your spending; for now, we’re going to work on putting together some numbers that are reflective of your necessary expenses. This is, essentially,
So I’ve done the calculations and since July 2009, I have paid off $32,114.58 of my total$65,912.21 in just three years, eight months. Honestly, I hadn’t done the math for a long time and it’s heartening to see I’m actually making progress. One of my biggest barriers I have to achieving my goals is being able to appreciate the smaller steps that I must take to accomplish
Sometimes it’s hard to put your finger on it exactly…that moment your debt became overwhelming. People can have this reality check at very different stages in their financial situation. Sometimes you just realize one day that you have been ignoring your money and that you have no idea how much money you actually make, what you owe to who, or how you spend your money from