Have you ever arrived at the end of the month, only to realize that you spent more than you made? You went to pay the balance of your credit card statement(s) only to find that the balance exceeded the funds in your checking account.
Whoops.
Scrambling to cover the cost, you eat into the small savings you had set aside, and just like that, you are at square one again…near zero in your checking, no savings, and the uncomfortable realization that you can’t afford – emotionally or financially — the same thing to happen next month. Because, well, you don’t have any savings left to serve as your life raft!
We’ve all been there at some point in time, in one way or another. Life happens and sometimes it is unavoidable. As with any setback or shortcoming, value the lesson and ensure that it doesn’t become a recurring habit. Habits are tricky things, they are either constructive or destructive, and bad ones can be difficult to break…
Understanding and controlling the money coming in, and the money going out – the cash flow – is the starting line of the financial journey. Like a policeman directing traffic, you must guide and facilitate the flow of your money.
Master your behavior…and you master your cash flow.
Establish the habit of mastering cash flow, and that journey towards escaping student loan or credit card debt, saving for a house, or sending kids through college has officially begun.
For those so inclined, achieving financial freedom is no longer a wishful daydream. It is a potential reality.
Whatever the aim, there is one universal, inescapable truth.
Master your behavior, and you master your finances…master your finances, and you master your future.
Welcome to The Budget Brainiac.
I totally resonate with this! People say “there’s more to life than money” and then go straight to complaining about the job that “pays them just enough to stay”… how do I become free of the situation?