Overcoming Obstacles

This may not seem like a major move in becoming debt free, but it gives us well needed practice in changing our behaviors to start becoming money minded. For me this was a step that was already complete, however, for some this may be the hardest step to take because it requires them to change and become committed to a new process (Ramsey, 2012).

Money. It’s something that all of us want more of, and yet most of us aren’t equipped to make real changes in our finances so that we can have more money. This is especially true if we’ve found ourselves in debt through a series of unfortunate events. But relief does exist for this who are in debt. Additionally, there is help for those who not only want to get out of debt but who also want to eventually save and even thrive when it comes to finances. If you’ve decided it’s time to revamp and even recover your finances, these 10 money solutions will help you make sense of your finances.

“Keep a record of your expenditures. Record and review monthly income and expenses. Determine how to reduce what you spend for nonessentials….discipline yourself to live within your budget plan.”

For the first half of the year, I became engulfed in a program called Financial Peace University. For those who haven't heard of it, Dave Ramsey teaches the course via video. For nine weeks, you join a small group and go through course work and lessons regarding financial freedom in a biblical way. I took the course in Feb/March and then facilitated the course for a group through April/May. The graduation was in June. I truly loved how much I learned and am so glad I took it. It's really transformed the way I approach my money. The course has also been extremely influential in my desire to become debt-free much sooner than later. I always had an understanding (in the back of my head) that debt would always be around and I'd never be in a position

Ensure that your expenditure is far less than your income: Although this seems like a very simple financial strategy to understand, most people lack the discipline that it demands in order to get positive results from its implementation. One of the habits that make people to spend more than they earn is using their credit cards excessively. Credit cards trigger impulse buying, which is a financially unhealthy routine. Almost 50% of United States citizens are said to hold credit card debts, which attract high interests. If at all you have a credit card debt, make plans to clear it within one year before it plunges you into a financial pit. Steer away from unnecessary spending and cultivate a discipline of putting money you'd have otherwise spent, into long term investment schemes.

More and more people I know are falling into debt. Some of them have been able to clear their debts and get on with their lives, while others have struggled to repay what they owe and are still finding it difficult to get on top of their finances.

There is some changes that i would like to make to my reality rocks budget that would help. First off, i would not buy a big toy like an ipod every month. That purchase cost me 150 dollars and I felt was unnecessary. Also I would get rid of that cat so i didn 't have to pay for it. Also i would spend less on clothes, when i buy clothes i get cheap shirts and shorts about every couple months so the prediction of 30 dollars was unrealistic. One thing that i would do lessen my financial burden is I would get a roommate to help pay the rent. Also i would have bought a car with better gas mileage so that i can save money on gas. All of these things could help my financial situation.

Personal finance is essential in succeeding in life and being debt free. Debt will cause difficulties for an individual for the rest of their lives, and it is important to save as much money as possible. But, personal finance is not all about saving money, I must spend it wisely. When I was younger and I sought to buy an item, my parents would always ask if it was a want or a need. Almost all of the time the items I believed I needed in my life were actually wants, so I usually ended up not even buying them. Without a doubt, that is the basics of personal finance; saving as much money as possible, and occasionally spending it on items that you need in your everyday life. Accordingly, I will continue on following the basic rules of personal finance for the rest of my life, and I guarantee in the future for instance, I will teach my kids exactly what my father and Everfi have taught

The hardest yet most important thing to do when it comes to your finances, it to stop getting overwhelmed and take control back of your money and your life. Most people don’t know where to start when it comes to taking control of their finances.

Do not live a life that you cannot handle, spend within your means. Be honest with yourself, if you can’t afford something, don’t buy it! Affordability is much more than the amount of money in your bank account, it also is how long it will take for the money you spent to be back in your account. Think of your finances as a long term process, not a short term fix. This is also why you should limit your credit card usage. If you rack up your credit card and lose your sole source of income,

In these five weeks of my Personal Finance class, our Professor had us set Short-term, Intermediate-, and Long-term goals. Now these goals had to deal with this topic, Personal Financing, and be realistic. Upon completing a worksheet activity at the end of Chapter two, I noticed that I need my own income that is one of my short-term goals that has to happen as soon as possible. The only other thing I can see myself needing to change is the emergency funds that is a wonderful idea and thing to have because you never know when you might have a financial emergency situation.

Make paying off your debts the biggest priority and you will soon be on the road to a debt free life.

I realized how hard it would be to live off a minimum wage budget living paycheck to paycheck. I’m not spending as much as my monthly paycheck. I do like saving money because it provides me with a

It is easy to lose sight of your financial goals when you are grappling with sleepless nights, parenting responsibilities and new ways of life. Ensure that you draw up a long-term plan for attaining your financial goals.

Overcome financial roadblock by making the most with what you have and what you can do.