How do you obtain money to get your financial life in order?
Cutting back starts with reducing credit card debt, establishing
an emergency cash fund, and starting an investment account.
Later saving for a down payment on a car and home. Where
do you find the money? The answer surprisingly is right
at your fingertips. As I will demonstrate, with a little
planning you can discover funds in your very own wallet.
As I mentioned previously, it is possible to start an emergency
cash fund and investment account, because these can be established
as another monthly bill. Treating them as a monthly bill
will force you to establish and maintain your accounts.
The following are a list of ways you can cut back and establish
available cash to pay off bills, acquire cash for an emergency
fund, and raise cash to start an investment account. Consider
the following "Savings Per Month" list:
|
Savings
Per Month:
|
|
Cup
of cappuccino daily
|
$90
|
|
Brown
bag lunch daily
|
$50
|
|
Eliminate
expensive pre-packaged junk food from the grocer
|
$25
|
|
Decrease
movie theatre, videos, & pay-per-view, use the premiere
cable channels you already have!!
|
$20
|
|
Cut
long distance calls, instead send e-mail and use free internet
long distance
|
$50
|
|
Comparison
shop for high quality deep-discount clothes
|
$100
|
|
Work
to discontinue unhealthy, expensive habits—smoking, drinking,
and heavy sweets.
|
$50
|
|
Consider
purchasing a new-used car, with warranty and inspection, rather
than a brand new car.
|
$200
|
|
Use
your year-end tax return surplus to invest
|
$200
|
As you can see there are a lot of ways you can find money
right at your own finger tips to pay off bills, start an
emergency fund, and start an investment account. Now just
get started. Don’t forget, you can get a better job,
and you always have the right to look. A higher paying job
can increase your cash flow, provided you do not disproportionately
increase your expenses along with it. Customize the chart
above to fit your own needs.
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