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Take a Financial Reality Check

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Ruth Brown
Ruth Brown

We’re already in April – the year is flying and before you know it will be May.  Almost half the year has disappeared in the blink of an eye.  Has your money done the same thing?  Do you know how much money you have?   Why not take stock now.

They say that as you get older, time goes more quickly – so if you’re on the right side of 30, you’re probably thinking “What on earth is she carrying on about?!”.  If like me, 30 is but speck in the rear vision mirror then you’ll know have a stronger sense of the fact that the clock is ticking.    If you really want to get yourself out of debt and saving for a comfortable future, you should know your financial position NOW.

At this moment, do you know:

  • How much money you have in the bank?
  • Exactly how many dollars you are in debt?
  • How much is good debt (you’ll have something to show for it eventually)?
  • How much is bad debt (you’re living beyond your means and are spending it before you earn it and have nothing to show for it.)?
  • Exactly what are you monthly expenses?
  • How much money do you need to keep aside each month to cover your bills?
  • How much money will you have in the bank by Christmas?

TODAY is the day to find out.  If you can’t answer all of these questions then you really don’t have a financial plan of any substance.  If you keep putting it off until tomorrow, the way time flys, there’s a good chance you’ll look up and be staring down the barrel of another Christmas and wondering how on earth you’re going to pay for it, without going into debt.

By the way, the $2 I’ve been putting away each day since January 1 now adds up to $224.  Start TODAY and you’ll have $444 by December 1, just in time for Christmas shopping.

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