How to Stop Chasing Your Money

You may be thinking, what the heck are they talking about? I’m not chasing my money. I may not have tons of money, I may want more money, but I’m definitely not chasing money.

Well, hate to break it to you, but if you’re one of the millions of Americans who lives paycheck to paycheck, you ARE chasing your money.

In fact, statistics show that 78% of you are chasing your money, and you’re probably not really gaining on it no matter how fast you go. What do we mean by chasing your money?

1. Make a Plan for Your Money

The first step to ending the chase for your money is to make a plan for it. Again, YOU are in control. Know how much money is coming in and have a plan for where that money is supposed to go rather than having to figure out where it went.

What if you’re not making it through the month with your income? What do you do? 1. Review Your Budget – Look for ways to cut your expenses. Can you lower any of your fixed or variable expenses? Can you completely cut things out or find cheaper alternatives? 2. Cut out Unneeded Expenses – Do you have cable? Eat out a lot? Buy clothes? Get your nails done every other week? Find items you can live without, then cut them.

What if My Budget is in the Red?

1. Look for Cheaper Alternatives – Are there things you could find for less? Maybe find a cheaper apartment or living situation, ride a bike instead of driving, or a cheaper cell phone plan? 2. Look for Ways to Increase Your Income – If you’ve cut items and found cheaper alternatives, but are still struggling to balance your budget, look for ways to increase your income.

2. Exercise Fiscal Discipline

Swipe Up To  Read More

Swipe Up To  Read More

For More Posts Like This Visit

For More Posts Like This Visit

Money Saved Is Money Earned!