Eliminate or reduce your expenses

To Start:  Jot down where your money was spent last month. Use your bank statement and checkbook for reference.   Compare the outcome with your monthly income.  Chances are that you won’t be able to identify where all the money went.  In addition, there most likely will be a substantial difference between what you earned and what you can remember spending—money that seems to have disappeared.

Next:  Of all the things you purchased last month, how many could have been delayed for without doing any damage?  You most likely could have postponed quite a bit.  In fact, after contemplating it, a number of the things which you purchased are not worth the debt you’re carrying.

Way to Spend Less

To have more funds for something you desire, you must spend less on something else.  That is it.  There is nothing more to it.

Here are some certain ways to save money:

  •  Use your savings to get out of debt.  Is it really smart to pay 20 percent in interest and earn 4% in the bank?
  •  Shop with a list and don’t vary from it.  Don’t go to the grocery store while you are hungry.  No compulsive purchases!
  • Rent, don’t buy, things you do not use vary often.
  • Cut up your credit cards and charge nothing.
  • Quit smoking.
  • Don’t buy new clothes until your present ward-drobe is paid for
  • Buy generic items at the grocery store
  • Buy in bulk.
  • Own a used economy car.  You will save on gas, car insurance and  repairs.
  • Don’t trust any bills.  If you take the time to look for errors.  You’ll probably find many overcharges.

Be a Wise Consumer

One way to improve your financial condition is through being a wise consumer. The key to this is spending the time to periodically look at different options when it comes to your expenses. We recommend that you consider every six months look at your recurring expenses and determine if you can find better deals. For example, are you getting the best deal on phone service? Would refinancing your mortgage put you in a better financial condition? (Be careful with refinancing, as you can decrease your monthly payment but hurt your long-term financial future by increasing your principle balance.)


We strongly suggest getting sufficient life and disability insurance. One key to sound financial planning is to have sufficient insurance to cover those unexpected events that may occur in your life.


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