Linda Chavey writes about how to change your lifestyle habits in order to eliminate debt.
A Mary Hunt special article. Read and absorb:
I’ve also concluded that regardless of the amount of money we have, there are three main reasons people experience money troubles:
1. Financial problems are rooted in one’s refusal to accept the fact that life is not fair. As long as you feel entitled to material things you cannot afford, you will have money troubles.
2. Financial problems are the result of irregular and unpredictable expenses. When people add up their monthly expenses they don’t think about the things that don’t happen on a regular basis. When irregular expenses creep up, they see them as emergencies or financial crises.
3. Financial problems will never go away as long as unsecured debt is carried from month to month. Credit-card debt has an odd way of reproducing.
Financial ease has nothing to do with being rich. It comes as the result of taking responsibility and by following sound financial principles and rules. And the first place to start is examining your spending and getting it in line with your income.
Whether your financial situation requires a minor correction or a major overhaul, no situation is hopeless. Not even in these recessionary times. No matter where you are right now, you can take control of your finances. You can get out of debt and learn how to live below your means. You can get off the financial roller coaster and stay on level ground where money ceases to be an issue. But you’ve got to follow the rules.