The fuel to make this plan come all together is your income. Budgeting your income channels the money to a future purpose. Now a days money is at a premium, people have lost jobs and income is reduced. On the other hand expenses are going up. My insurance, property taxes, and consumables have all risen sharply in the last few years. The spending plan is tighter than ever.
How To: Create A Budget
The problem is that you don't have the money to save anymore. Your just making the bills and this is the worst time to put money into retirement or paying off debt. In my own situation, my health care used to be paid for at my business. Now the money just isn't their anymore. It now comes out of my income every month. Like me, many others have incomes reduced or eliminated causing a drastic cut back in lifestyle and spending.
The cure for all this is to find other channels of income. Whether it's a part time job or a home based business. If you are thinking you already work 6 or 7 days a week now, how can I work more? You will have to find the way that works in your life. This is not going to be easy. If your fluent in computers build a website and sell something. Have a garage sale on Ebay.
The cure for all this is to find other channels of income. Whether it's a part time job or a home based business. If you are thinking you already work 6 or 7 days a week now, how can I work more? You will have to find the way that works in your life. This is not going to be easy. If your fluent in computers build a website and sell something. Have a garage sale on Ebay.
If computers are not your thing then, find a way to use your job specific knowledge and do what you do at work for clients. Starting a business at home will have low start up costs and it lets you test the waters cheaply to see if your idea will fly.
You need the increased income to jump start your goals. We all need to do something on the side. It may grow into to something substantial, it may flounder, or it may make you some money that will give you an income, that will take you into retirement. Don't just sit there in front of the TV complaining. Shut off "Biggest Loser" and make yourself the biggest winner.
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