A good financial plan starts with a BUDGET!

keep your eye on the ball

In order to achieve ANY goal you must have a plan. If you are going to teach your kids how to walk you don’t just tell them to run, you hold their hands and let them learn to take ‘one step at a time”. The first step in learning how to handle your finances is applying basic math. The second is learning how to budget!  Budgeting is a scary word for many people but it truly is basic math… MONEY IN/MONEY OUT.  If you chose not to look at the basics you CAN’T win with money.  Your family, your business should not be run like the Government! When you spend more than what you have you create a mess. You create a system of “borrowing to pay for not only the extra things you want like vacations, clothes, cars, dinners — Eventually you begin ‘borrowing to pay for basic necessities such as groceries, gas, cable, etc…. Eventually the stress and the pressure of continued borrowing steals our JOY! We find at this point that we are working for the past not our future.

Listen, we are all bombarded by marketing messages day after day that lead us to believe that ‘borrowing’ is normal. I pulled a stat last week that showed that Bank of America was spending $25million a MONTH to bombard us with internet ads! SICK!! We start to have the mindset that car payments is ‘normal’. That having a bigger house as long as you can ‘afford the monthly payment’ is living the American Dream. But without proper planning and a true strong hold on your spending and planning these things start to become the American Nightmare.  We can turn it around just by getting back to 3rd grade math (or in today’s society, Kindergarten math!) and by taking a REAL look at what is coming in and what is going out and making a conscious decision to NOT spend more. NOT to borrow. NOT to charge our lifestyle on a credit card.  Many of us have gotten bitten by this bug and many have had to ‘bankrupt’ their way out of it. Ok, done. NO REPEATS! But I’ve found that many of the people I have worked with and coached back to financial wellness had not changed the ‘behaviors’ that led to hitting the ‘restart button’ and kept repeating the same mistakes. It takes time to see that Bankruptcy (not medical related bankruptcies I’ll add) is not a cure it’s usually a symptom of other financial issues/behaviors that need fixing.  We learn quickly that we CAN’T Bankrupt our way out and many times find that even if we tried, we can’t get rid of past due IRS Debt, past due Child support, Past due Student Loan payments. So I’m here to tell you to focus on and to learn what you CAN FIX!

WE CAN FIX our lack of income, communication in marriage, spending habits. We can fix DOING something different. We can decide and learn to move differently, behave differently, and experience real change in this area of our lives.  If you would like help with budgeting and creating an individualized plan to walk yourself in a new direction, check out my coaching packages.

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