"If you know how to spend less than you get, you have the philosopher's stone" - Benjamin Franklin
The trouble with most of us, who are struggling with our finances, is that, we know how to manage our finances, but we simply don’t. We know that spending less than what we earn is the right thing to do, but we live to ignore it. We are always satisfied with gratifying our desires when we spend more for things of no value and suffer the consequences later. To me, this seems like a self-inflicted money crisis.
We struggle through life trying to find answers to our financial dilemma, when in truth; those answers are just staring at you, waiting to be tapped.
For example, we know how important it is to set aside a portion of your income for emergency or health funds; that insurance premiums are actually investments for future needs; that there are many things that can wait like those we crave so much; that getting a mortgage more than what you can actually afford after based on your net pay (in this context, including all your personal obligations except the mortgage payment; etc. We seem to care less.
We no longer need raising financial management questions and answers shove on our face. What we need is to act on that information. There are literally thousands of finance management “how-to’s” articles, wikis, blogs, ebooks, and websites over the net; and you can even find a good article on an online dictionary or encyclopedia. But what we do on the information we get is actually what matters most.
As I have said, we do not need a new gospel on personal finance management, what we need is walking the talk, so to speak.
under
Money Management 101
4 comments:
You are so right about our spending habits. I'm sure most are guilty but we still seek that self gratification which always comes back to haunt us. I need to put money aside myself but there always seem like there's something that comes up that takes it away. One of these days this will change in my life. Thanks for the good post!
Friends 4 Life!
This is a good post!
Thanks for sharing the information :)
It is very useful!
So true....
Thanks for sharing.
I always attractive for all post about finance, So.. Thanks for your post, it's very informative