by Jaynee Sasso
Today’s fast paced society causes many to unknowingly spend while taking for granted the amount of money that passes through their hands daily. The increased use, viagra 40mg convenience and dependence on electronic means of exchanging funds can contribute to uncontrolled spending habits. Although technology has allowed us to use banking and record keeping to keep track of spending, no rx many people are still not setting aside the time to learn how.
March 2010 a Gallup Poll revealed that the average daily spending of Americans is $66, which is above and beyond the average person’s monthly household expenses. This adds up to be about $462 per week of miscellaneous spending.
The choices we make on how to organize our lives has a great impact on how much money we potentially save and have available to allocate toward securing our financial future. For example:
• Making several trips back and forth across town can greatly increase your daily gas cost.
• Working longer hours to make ends meet can backfire if your overtime is simply paying for a baby sitter and supporting a greater dependence on fast food because of time constraints.
Financial literacy is more than how well you can perform basic arithmetic but how well you make decisions about your life that will ultimately have a positive impact on your cash flow.
It has been said, “Don’t work harder but smarter.” It’s time to examine your present lifestyle to ensure that the decisions you are making in your daily life will position you to move forward financially. Far too often we take for granted the way we choose to live because it is what we have always done. However, this is not the best way to make decisions.
Step back from your situation for a moment in order to see what responsibility you bear for not meeting financial goals. We can be our greatest enemies when we are fearful of change even if the temporary moments of discomfort will yield better results over the long term. It is important that we learn how to make choices based on what we envision happening not only immediately, but also around the corner. Longevity must be your goal and you cannot achieve that goal by allowing what’s convenient today to cause you to become shortsighted and ignore the consequences of tomorrow.
Challenge yourself to reduce or eliminate unnecessary spending for one month. Then commit those funds to invest in something that will enhance and brighten your financial future, like a high yield savings account or investment.
Contact Jaynee at firstname.lastname@example.org