As consumers we don’t want to feel the stresses of debt–we want to eliminate or reduce debt. It is simple to get into debt, but often difficult to get out of debt. Debt can take only days to acquire yet debt can take years to payoff.
If your family is anything like mine, you have already started the back to school hustle. We have cleaned rooms to make space for new books and supplies, scheduled appointments for glasses, haircuts, and immunization shots.
Keeping a budget doesn’t have to be difficult. Prepare a monthly budget by calculating your income and deduct expenses. Some individuals know exactly what they earn and deduct their expenses from their income like clockwork. Other individuals need a little more help.
Budgeting doesn’t have to be hard; it can also be rewarding when you come out on the other end with a few dollars for those you love.
Financial setbacks come in all shapes and sizes. Long-term, short-term regardless of what happens in our life we roll with the punches.