Having a clear picture of exactly where you spend your money is extremely important in today’s consumer-driven society. Grocery store sales, fast-food coupons, and social coupon services like Groupon all push for immediate action! These kinds of sudden purchases can leave you with limited funds, or worse, an overdrafted bank account! How can we avoid this?
Having a clear picture of exactly where you spend your money is extremely important in today’s consumer-driven society. Grocery store sales, fast-food coupons, and social coupon services like Groupon all push for immediate action! These kinds of sudden purchases can leave you with limited funds, or worse, an overdrafted bank account! How can we avoid this? May we suggest you do something that might scare you: “Learn to live on 90 percent of your income” as George Clayson would say. WHAT? WHY? HOW?
Of course, if you’re a millionaire, it would be easy to follow this advice, you’d just have so much money to use, right? Wrong! Consider this article that mentions NFL players (the lowest salary is $320,000) are living paycheck to paycheck. Imagine that! At one check a month, that’s over $26,000 each month and they can’t even keep 10% for savings. So, hopefully what you realize today is it’s not the amount of money you make, it’s the amount of money you spend. And spending less earlier makes it much easier to spend less when you’re making more.