Have you been there? I think almost everyone has been at one time or another--the day before payday, dead broke. And on top of that, most of the coming paycheck is already allocated. If one thing goes wrong, there’s going to be very serious trouble. We need to do something different. We need to do it fast. We need to do it right. We need help and we know it.
Overwhelmed by bills and financial obligations, we need to start saving money and paying down bills. We need to have something stashed for a rainy day and we need to be saving for a new car and other things. — But, how do we it? What do we allocate to payments and how much do we need to save? We have an idea about what needs to be done, but maybe not a clue about where to start.
Where you start is here. In this blog I am going to give you a step-by-step plan you can use to get debt free and save money.
The experts say we need to have six months of savings for emergencies and we need to be saving at least ten percent of our pay. — Sounds like a dream. (Or maybe a nightmare, right?) It’s a goal. We work towards goals. So for right now let’s believe the experts know what they are talking about and figure out a way to make their suggestions work for us. Let’s set three goals:
1. Getting debt free
2. Saving up six months of money for emergencies
3. Putting away ten percent of our pay for the long term (frequently this means towards retirement)
With these goals in mind, a lot of people think about looking for advice on the internet. As with any other venture, when you take a serious look online for guidance you realize there are a lot of variables. Some will enhance your chances of success and some are, definitely, going to be pitfalls. If you’re new (or maybe even not so new) to this arena, how do you tell the difference? Internet help-sites can be very useful—if you can find one that is consistent. After all, you are looking for what is essentially a business (your personal, financial business) plan. You want something that is workable.
When you surf the internet you find a lot of sites that will give you tips and tricks, but never a complete answer. All that surfing consumes a lot of time; can be confusing, and may produce conflicting information. It’s not uncommon to “run down a lot of ‘bunny trails’” before finding a venue that works for you. The problem is we (often) are pursuing this venture because we need to get our finances straightened out quickly.
What I want to do with this blog is give you one place to come to for answers—a place where we can sort through the miscellany together. I have a plan that you should be able to put to work for you in fairly quick stages. I’m providing you with a single place you can come to for complete information and clear answers for your questions about financial stability. I want to help you achieve financial freedom and get to the place where you are saving money. The plan I will give you is the one I used. It can work for you. You can soon be living a life that is less stressful financially and preparing to retire with dignity.
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