How To Avoid Top 4 Money Blunder’s


Who Doesn’t Have Money Issues?

courtesy toonclip

Do you ever feel desperately broke? You never have enough money to make ends meet? You’re hopelessly stuck in the paycheck to paycheck rut? No matter how hard you try you never break out of that cycle? And you see no light at the end of the tunnel? If you said yes, you are not alone; many individuals have those same money issues.

When analyzed correctly most money issues stem from overspending vs the size of ones paycheck. Your ability to manage your money will determine how much of it you get to keep. If you want to keep more of your paycheck you may need to change the manner in which you manage your money.

#1 – Establish A Goal

Do you have a goal for your money? Without a goal you have no financial direction. Take ownership of your direction; decide what you want to accomplish with your money. Do you want to buy a house, retire early, pay for your child’s education? With a purpose you will find ways to save more and spend less.

#2 – Stop Chasing A False Trail

Stop thinking that money buys happiness because it does not. Happiness comes from family, friends and inner peace. Having a large house, fast car and fancy clothes will not bring you happiness. The sooner you embrace that the quicker you will stop wasting your money chasing a false happiness trail.

Financial happiness starts with setting a goal for your money and accomplishing that goal. Once accomplished, set another goal and so on and so on.

#3 – Save Early, Save Often

Saving money is simply a financial habit that you need to develop. The best time to work on that development was yesterday; the second best time is today. Time and money is the key to wealth.

The fastest way to accumulate large amounts of money is to start saving when you get your first paycheck; that is usually in your twenties. If you start then you have over 40 years to accumulate; therefore, can save a smaller amount each paycheck. If you wait until you are in your forties to start you will have to save larger amounts because you will have less time to accumulate.

#4 – Don’t Pass Up Free Money

If your employer matches your retirement plan contributions and you are not maxing our your contributions you are passing up free money. You also miss out on the tax deduction of your contribution. And retirement plan money grows tax-deferred until you withdraw it at retirement.




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