Forever Debt “Spend Money Like You Have It”: The Saturday Weekend Review #176

Spend Money Like You Have It...If You Don't Mind Forever Debt

LIFE GIVES US OPTIONS AND WE MUST DEAL WITH THE CONSEQUENCES OF OUR CHOICES EVEN IF IT’S A COMMON SENSE LESSON   Since Father’s Day is around the corner I thought this email from a fan was fitting and likely one of the reasons she submitted it when she did. A timely lesson about wealth, money and debt. Liz learned her lesson the hard way and now she’s digging her way out of $50,000 worth of  potentialforever debt because she believed that if you spend money like you have it then everyone will think you’re successful. That’s the situation which 30 year-old Liz is battling now that she is done University, living on her own and has nothing or nobody to fall back on, not even her credit cards. The safety net which she called “plastic” has since been cut up and she was forced to put herself on a cash diet and a strict budget. Her story details the life of an entitled child who was handed choices but with consequences just like any other person. No one likes to succumb to a tight budget but you if you spend money like you have it then you must suffer […]

There’s One Major Budget Tool Needed For Success : Our May 2016 Budget Report

THERE'S ONE MAJOR BUDGET TOOL NEEDED FOR SUCCESS

MAKE MONEY NOW, SAVE IT, SPEND IT AND START ALL OVER AGAIN   If another month has come and gone and you have failed to balance your budget that doesn’t mean your efforts failed you. It simply means you need to focus on budget categories that need attention, bringing in more money and spending less. There is one tool more important than all of the above especially for people who give up on budgeting because it’s not working for them. If you’re not already doing this, you should be. Let me explain. For starters please don’t forget that there will never be a perfect budget as it will always have flaws. Even we have good months and bad months and we’re debt free which wasn’t an easy journey. What you have saved in the bank or with investments has nothing to do with whether you meet your monthly budget goals.   Find this tool and you’ll succeed   I’m afraid the one tool that you need to start using a budget is not an actual budget, that comes after and to be honest doesn’t take that much effort. With all the free budget spreadsheets available online it’s easy peasy. What […]

The Poorest People Are Often The Most Generous

THE POOREST PEOPLE ARE OFTEN THE MOST GENEROUS

MONEY IS ONLY A SMALL PART OF THE GENEROSITY YOU WILL EXPERIENCE WHEN FACED IN A TIME OF NEED.   A rich person may believe they are poor if they compare themselves to the next millionaire or billionaire on the block. Just about anyone can believe they are living the poorest life because of debt and low-income depending on how they approach their situation. This means that the poorest people could actually be the richest, so it all boils down to perspective. Don’t let the title fool you. When I saw a photo tonight of a boy who hardly eats handing the photographer his second lollipop. I had no words but I know the child must have done this because he knows what it’s like to go without. He knows that empty feeling and he wouldn’t wish it on anyone. Sharing comes natural to those who understand the circumstances. A research study by PhD candidate at Berkeley, Paul Piff between had the rich and the poor imagining themselves in opposite situations by viewing sympathy inducing videos. The results were the poor became less altruistic and the rich more generous. “Empathy and compassion are the key ingredients in the generosity of […]

Stay at home new mom causing financial strain and marital upset

new mom stay at home mom(1)

LIFE CHANGES WHEN THE STICK IS POSITIVE   So many people get divorced after having kids and now I know why, parenting is not easy but 110% worth the effort. I don’t think there is anything that could prepare you for becoming a parent, not even having lots of siblings. When we found out we were having a baby we knew that our lives were going to change, including our finances. My wife also knew that she was going to be a stay-at-home new mom and feared not knowing other moms to hang out with. Over the past year she has met plenty of other moms on social media, at the park and other community events. She says it’s getting easier but she does miss getting out whenever she is inside for a few days at a time with our son. These days we tend to do lots together as a family which helps our relationship to grow and our son build a bond with the two of us. Mrs.CBB is a people person so it’s important for her to get out of the house to keep her spirits up even though our son is the light of her life. […]

Ambitious Teen helps mom with family budget

Family Budget

LET ME HELP YOU WITH THAT MOM   There was a time in my life when I was a teenager and all I cared about was working, saving money and hanging out with my friends. I didn’t have to worry about what my parents did with our family budget nor did I care. Growing up in our household my parents were frugal to the point that if we wanted something we worked for it. They didn’t scour the weekly flyers because we didn’t have them but they would buy products reduced if mum was able to do something with them right away. My mums favourite was making pies with fruits that were ripe or ready to go off. That’s probably why I’m the way that I am in the kitchen. Being that it was Mother’s Day (Mothering Sunday) March 15 in the UK yesterday this email made me remember growing up and what life was really all about in our house. My mother was and still is our rock and I can understand how this young lady is so determined to help someone so special and close to her heart.   Help with the family budget   I received an […]