What is my future with everything crashing around me?

It’s your MONEY

Are you in CONTROL?

What of the Future?

With the stock market cart wheeling all over the place and crashing lower, the cost of everything going sky high, jobs harder to get and now harder to keep, less money in the household budget - are you loosing sleep over your future, and that of your family.

There is so much that we are unable to change, it is totally out of our control, BUT there is a lot you can do for yourself. Often simple things that we all know about but have not bothered to do because we have no need to do it – life has been good and we have gone with the flow.

Where to start?

1. You are the only person fully qualified to look after your personal finances

  • a. money
  • b. investments
  • c. family spending

(“Hey I know my job, but I don’t qualify for that fancy investment stuff.”)

Well may be you can learn – READ ON

2. STOP and consider

VIDEO  Debt Management Tips – How to Stay Out of Debt

Now read

”What does rich mean to you” .

by Mosiekk Conoly within this site, then take some time to make a list of what you really want for your self, family and future life together.

3. WRITE down some goals that come from this deliberation.

( “I know New Year Resolutions –they don’t last.”)

Well, you are what you believe, so if you think you are unable to change your life style, you probably won’t change, I you  think you  your goals are so unimportant that they will not happen, they won’t- Goals are designed to lead you to something you have not got at present, and you have to believe you can reach them and do something to start getting you there.

4. CREATE a budget.

( “Yeah – I know I’ve heard this all before, what good are budgets?”)

Well believe it or not the budget is the most maligned and unused tool we all have to be able to organise our lives. No one makes a building without a plan of the house. Very often the plan has to be changed due to unforseen circumstances, but at least you know what you are changing, and before you start you can see what may not work.

A budget is similar you need an outline to see what may or may not work, and consider what has to happen, you may have to cut back on some expense ,or delay it until later in the year when more income has come in. Just follow the link to “What Happened to My Money” by Mosiekk Conoly.

5. SAVING Your Money

(You’ve got to be kidding – I can’t pay my bills)

Now there is a novel idea – Save money while you are spending.  Go to Paul Davis’s article “Five Major Ways to Save Money”. These are all things every one can do, and very often have fun doing it.

6. FINANCES Where are they now?

(Well that’s my problem I haven’t got any – that’s why I am here)

OK Go to the page Finances and we will discuss this further. And follow through to the article “6 Cool Things” about your own home , Cheap Personal Loans, and “Pay Less for your Car”

7. CREDIT CARD what to do?

(“Here we go again, - Yeah I know cut them up”)

Well that does stop you using them and will reduce your debt, but there are other ways which you can learn from the articles  How to save money on Credit Cards  and 7 Steps to fix you Credit Card.

8. KID’s HELP

(“Come on you don’t expect the kids to help?”)

Why not they are part of the family so you need to read the article by Paul Davis “7 Things to Teach  Your Kids About Money”  and you may be able to help yourself as well.

9. INVEST your Money

(“Hold on you just told me that the Stock market has gone crazy “)

The stock market is not the only way to invest money but even now it still has a future and needs to be watched for a return to the growing market.

If you want to use Stock Markets be prepared to do some learning before you enter and buy/sell anything. There are no end of books, courses, and online descriptions of how to invest.

Other forms of Investment for Cash are Term Deposits/ Certificates of Deposit.

Finally look for your Credit Report and get it Free.