Are you really bad with money?
Of course not. No one likes to think that they are really bad at something as important as their personal finances.
But now that you think of it, you do have a lot of debt. And your savings is a little small. And you don’t have much left at the end of your pay period.
Does this sound like you?
Then maybe you do need to take a look at how you handle your finances.
It’s nothing to be ashamed of. There are a lot of Americans in your shoes.
I was one of them, and I want to share what I learned with you.
I already posted a few things on personal finance and you can find them by clicking on the “personal finance” category.
Today, I want to start with step one.
If you have decided to make some changes to your personal financial situation, the first step is to assess the damage.
Write down everything you spend for 30 days. Do a shorter period, if you need to, but 30 days should cover all of your expenses and give you a more complete picture of where your money is going.
Write down everything that you spend. Every penny.
Even when you spend money on things that you know you shouldn’t – especially when you spend money on things you know you shouldn’t.
By the time we meet back here next Friday, you should start to see some of the areas that your spending habits could use some work.
I hope you will be back to join me.
