Most of us attend grade school, move on to junior high, and eventually high school. I am not sure, if you did, but out of all the classes I took, math, history, and chemistry, not one of them included a financial class. Most of us, including myself, have learned our financial lessons from the school of hard knox.
Today the average American holds around 8,000 dollars in credit card debt. Forty three percent of Americans spend more than they make. I found an article that stated the number one reason for divorce, in a study conducted by two Utah State professors, was a financial problem in their marriage.
There are a ton of methodologies to help get people out of debt. Yet, all of them include two things.
The first is a plan. I have heard that if you can’t tell someone your financial pictures in under a minute then you need a better plan. It is important to know what comes in and what goes out. If you sit down and write it out, you will find that it does not take long.
The second is sticking to the plan. Make a plan that you can actually follow. Only eating top ramen is a great, cheap plan on paper, but rarely followed. Make a plan that you can stick to month to month.
If you follow the plan of not buying stuff you can’t afford that is a great start!
Proverbs 21:5 Good planning and hard work lead to prosperity, but hasty shortcuts lead to poverty.
