The Fear of Money

The fear of money is a serious and complicated discussion,  half the consumers in this country are living paycheck to paycheck.  Most people that sit down at there kitchen table paying  their  bills every month don’t plan for the future.  Well most of us do plan for the future like birthday parties, vacations,  weddings, and  putting something away for our children’s college education.

The truth of the matter is that most of us deep down don’t want to plan and put our money in certain categories and stash cash in those boxes. The reason nothing is guaranteed and stuff happens, you get fired or laid off, the car breaks down or someone in the family gets sick.  The issues are massive and complicated that  brings stress and many of  us who have partners brings heavy discussions of how to bring all these things together so we can have a happy and great life.

The truth is, unless you were born with a silver spoon in your mouth meaning your parents were rich or they left you big money on their life insurance or their estate, or you have a fantastic career that’s allowing you to live in the top two percent income,  money will always be a month to month problem.

There are several ways to combat these issues to get ahead of the game. Oh yes it’’s a game and combat just like war.  It’s a fight everyday, you have to be willing to sacrifice so intensely for several months or even years. Your accustomed lifestyle will change drastically.  Here are a few choices to help.

  1. Live on seventy percent of your income
  2. Set up a monthly budget
  3. Save on food shopping i.e. couponing
  4. Count every dime spent kept a daily record
  5. Set a goal how much you want to save
  6. What are you saving for new home car or emergency fund
  7. If you don’t need it don’t buy it.

The fear of money is really not fear, it’s really not how much you make but how much you save. It takes a lot of discipline and how much you are willing to  sacrifice to reach your goals.


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