A majority of people are broke, actually. We are not taking our money seriously, and just living paycheck to paycheck. We are doing it because there are so many like us, around us, doing the same.
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Budget for the life you have. When you’re going through your budget and assigning spending categories, be realistic.
Don’t tell yourself you’ll never buy a single discretionary i...
This becomes a problem when you’re spending for a life you can’t afford. It puts pressure on your budget and encourages you to live in a paycheck to paycheck cycle.
Assess your financial situation, cut back on your expenses, prioritize your money goals, and then come up with a new spending plan.
It’s hard to stick to a budget that doesn’t have a goal.
When there isn’t one, your budget becomes an afterthought rather than a spending plan to reach your financial goals.
Often the most difficult step, because it's easy to focus on the wrong part of the problem, or look at the problem too broadly.
The first thing you need to do is reduce it to its simplest and purest form so you know exactly what you're dealing with. While you're doing this, you need to ask yourself questions to make sure you're focusing on the right things.
You need a plan with actionable steps. Ask yourself what's barring you from moving forward and make step one. Step one will open doors to other steps.
Consider which steps will open more doors, add them to the plan, and keep doing that until you get to your solution. Things will change as you act on the plan and you'll need to adapt, so it's best to keep your plan somewhat open-ended and try to include steps that involve preparing for trouble you can foresee.
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