Are You Ready To Manage Your Money?

Are you tired of never having enough money?   Are you frustrated with the size of your debt balances?   If your answer is yes, you can change that.   You are responsible for managing your money.   You determine how much of your income you will keep.   You determine how much of your paycheck you will spend vs save.

If you do not already understand the value of money, learning that lesson is the best place to start making corrections to your finances.  If you find that you never seem to have enough money or if you are living paycheck to paycheck start learning that it’s not what you make but what you keep that counts.   You only earn so much money, right, so understand that that money can only be stretched so far.

Some people learn about the value of money at an early age, some later on in life when they want to buy a home or start a family and some people never learn it.   Do yourself a favor, learn it as fast as you can; you won’t waste so much money that way.

How To Find More Money

Since earnings are somewhat limited, unless you are in sales, you either need to find more money or earn more money.   It’s usually easier to find more money, unless you have a very generous boss.

Money management and budgetingStart A Budget

The best way to track where you are spending your money is by setting a budget and sticking to it.   Just writing up a budget without following it is a waste of time; so if you are not going to follow it, don’t take the time to set it.

Living within the confines of a budget will help you see where you have been wasting money.    You will less likely to buy on impulse if you stay true to your budget.

Sales & Lists

The best way to cut back on overspending is to use a shopping list whenever you go grocery shopping.   If you shop without a shopping list you will most likely have a tendency to overbuy or buy items you really do not need.  If you stick to your shopping list, you will also be less likely to buy on impulse.

Watch for sales.   Only buy an items when it is on sale.  Sales go in cycles; experts say that most items hit a low price cycle about every 12 weeks.   When the items you use or need do go on sale be sure to stock up as much as possible.