On Paper We Do Have Enough – Part 1
How do you know if you have enough money to pay the bills? You always know when you don’t have enough. You might be surprised at what you can find out about your money if you put the numbers down on paper. You might find that you have enough. Now for the real question…
What do you do when you have enough, but it feels like there’s not?
If you’re like most you ignore your finances and believe that the problems will eventually go away or correct itself. Maybe if and when you made more money, the problem would resolve itself?
Can I make you aware of something? Most people year-over-year make more money than they did the previous year, yet we still find ourselves having money issues. I would like you for just a second to remove the idea that more money would resolve your money issues. We need another solution. This problem is bigger than making more money. The problem, I hate to say it, is you and it’s not going anywhere on its own.
Pamela and I finally got our numbers under control. We got to the point where our expenses were less than our income. Now on paper we make more than enough, we asked the question, how do we handle it? You see left to our own, we’d end up back in the position we’re trying to crawl out of. We decided to become athletes in a sport designed to take all our money from us. That means we must exercise, practice and most important get better. No matter how great an athlete or team may be, there is always room for improvement. The same is true in the game of life with a family, especially a family’s finances.
Let me disarm a misconception. Just because you’ve decided to improve your finances doesn’t always mean you can’t spend your money. You can and you’re going to no matter what any financial coach or adviser may say. I want to show you how to spend with a plan. Why? Because no one showed me and we have made every major mistake with money known to man. Don’t be like us, be better than us.
Today is Friday!
In our next post, we will get started by listing all our expenses and their monthly amounts. This is key. You need to see what this looks like and see the total number for yourself. This exercise in itself will make you want to do something about it. When you see where you spend what, you will rethink your spending habits.
Question: Let me know if this is a problem you face and what’s creating your biggest headache? Leave a comment below.