Management of money and money related tasks can be cumbersome and tedious. No wonder many of us are doing a poor job of it. The worse thing about is, that we do not learn money savings and earning tips from school or even our parents as much as our grandparent’s generation. But all is not lost, it is up to use to make the changes required for us to get out of financial mess and live better financial worry free life.
Someone suggested that there are eleven steps in any new money management endeavor you undertake where personal interest and stake is high.
|Step One||Change Your Expectations and be Realistic |
|Step Two||Tell Yourself the Truth – Face the Music |
|Step Three||Decide How to Pay for Necessities – Stop-gap Solutions |
|Step Four||Identify Your Assets – all of them! They are there, we just need to go find them |
|Step Five||Discover How Much You Cost – this is how much you spend and your contribution to situation and circumstance |
|Step Six||Calculate What You Can Afford to Cost – cost cutting and balancing your budget |
|Step Seven||Call Your Creditors – dealing with debt |
|Step Eight||Quit Paying Late Fees – work with professionals |
|Step Nine||Create a Family Budget
|Step Ten||Do Not Ignore the Following: IRS, Parking tickets, Association Fees, Car payment, Immigration and other government affiliates that need to be pulled into your situation to assist you as best they can |
|Step Eleven||Manage Your Money Every Day|
It is no surprise then, to even find the ever-popular ‘budgeting’ concept among these listed must do’s to re-collect, re-orient and return to fiscal freedom and avert further money-related crises!