Constantly Broke?

I found this article on U.S.News. This article is about what people might need to ask themselves if they are always broke.

I thought this article was simple enough for the general public to understand. Thus, I found that it might be helpful, for those that need to change habits in order to have more funds. To be honest I think we all know what to do; we just get lax in our needless spending and do what we feel at the moment instead of preparing for future.

The reason why I like money forums, is due to the fact that it takes money to live. In every aspect of our lives we need money. Whether we have lots of it or barely enough. I think we all can agree that at one point in time we had an unplanned life incident. Whether it be health related, car problems, roof damage ect....... Sometimes people need to be reminded what is important or what needs to be important.

Dave Ramsey is another good real life financial wake up host. Although I said earlier in the beginning that I liked this article and that it was simple to understand; I think it could be broken down even more. I like to be straight and upfront, it leaves no room for confusion when it comes to your money.

Sometimes it takes just a little bit of sacrifice for a short period in order to have our desires. A good rule of thumb for big ticket items: If you want it don't finance, save it then buy it. I take this to heart, I don't buy designer coffees, we don't have cable or satellite. Those little things allows my family to save for fun things, like travel, Theme parks, renovations. Remember to keep in mind for future events that are unplanned and that will put a crimp in your financial situation.

Ultimately, the quickest way to get out of being broke is to increase income. Easier said then done these days. Some of the wealthiest people are the brokest, because of frivolous spending habits. Something to chew on......