Money to the Max

Money to the Max

You may be thinking that I am talking about more money than I know what to do with, wrong. I am talking about how we live, or use to live, our financial lives to the max. Before the recession era most of us were making more money than we are now and we could afford more “stuff” to buy. You never really realize how much less you can live on until you have to. We cut the unnecessary things out of our budget, although they were fun we can live without them now. A lot of times we wait to long to remove those items from our lives and dig a deeper hole. Think of all the things you use to live with then and look how you live now and you will see just how much money you may have been able to save. Don’t get me wrong we should do fun things but we should control how much we do them. We tend to get into the habit of buying fun and that can make you broke fast! A recession will tend to help make us content the hard way. Why don't we take this new budget that we now have and apply it when our income does go back up? A lot of people have had over a 50% decrease in income over the last three years and now realize how much they spent. Here is a challenge for you when your income goes back up again. Live on less than what you make. Do some fun things but do them less than you use to. You may be able to live on 75% of your income and save the rest for a 3-6 month emergency fund, retirement and for purchases. Get a plan and start following it and create the financial life you want to have. Besides, all the fun you use to have before, is not any fun now because you probably cant remember what you spent your money on then. Nothing can run maxed out for a long period of time without breaking.

Tim West
Go West CoachingMoney to the Max

You may be thinking that I am talking about more money than I know what to do with, wrong. I am talking about how we live, or use to live, our financial lives to the max. Before the recession era most of us were making more money than we are now and we could afford more “stuff” to buy. You never really realize how much less you can live on until you have to. We cut the unnecessary things out of our budget, although they were fun we can live without them now. A lot of times we wait to long to remove those items from our lives and dig a deeper hole. Think of all the things you use to live with then and look how you live now and you will see just how much money you may have been able to save. Don’t get me wrong we should do fun things but we should control how much we do them. We tend to get into the habit of buying fun and that can make you broke fast! A recession will tend to help make us content the hard way. Why don't we take this new budget that we now have and apply it when our income does go back up? A lot of people have had over a 50% decrease in income over the last three years and now realize how much they spent. Here is a challenge for you when your income goes back up again. Live on less than what you make. Do some fun things but do them less than you use to. You may be able to live on 75% of your income and save the rest for a 3-6 month emergency fund, retirement and for purchases. Get a plan and start following it and create the financial life you want to have. Besides, all the fun you use to have before, is not any fun now because you probably cant remember what you spent your money on then. Nothing can run maxed out for a long period of time without breaking.

Tim West
Go West Coaching