issue, arises.

If you often say, “I simply do not have anything left over to save,” when it comes time each month to put money in your savings, there is a strong possibility that your basic expenses are eating up too much of your income. Depending on your monthly wages, your mortgage/ rent should equal 30

We often surround ourselves with possessions in order to bring a sense of security into our lives, but are these material objects really creating security or depriving us of it? Many people may seem financially independent and successful; however, appearances can be deceiving. They may have a well paying job, a nice house, new cars, and many other luxuries, but the reality of the situation is that they may also be deep in credit card debt. Beneath the appearance of prosperity, they could be living paycheck to paycheck, simply making the minimum payments on each of their bills every month. On the surface they seem to have an endless supply of funds, but they are basically one paycheck away from financial disaster.

Financial success includes the ability to withstand financial hardships, such as unexpected money emergencies or loss of income. When presented with financial problems, many people have a difficult time coping because they owe too much in credit card debt and do not have enough money saved. This is why it’s important to create an emergency account that can cover your basic living expenses for three to five months. You need to have some sort of emergency fund in case a financial hardship, such as job loss or medical issue, arises.

If you often say, “I simply do not have anything left over to save,” when it comes time each month to put money in your savings, there is a strong possibility that your basic expenses are eating up too much of your income. Depending on your monthly wages, your mortgage/ rent should equal 30

nice house, new cars, and many other luxuries, but the reality of the situation is that they may also be deep in credit card debt. Beneath the appearance of prosperity, they could be living paycheck to paycheck, simply making the minimum payments on each of their bills every month. On the surface they seem to have an endless supply of funds, but they are basically one paycheck away from financial disaster.

Financial success includes the ability to withstand financial hardships, such as unexpected money emergencies or loss of income. When presented with financial problems, many people have a difficult time coping because they owe too much in credit card debt and do not have enough money saved. This is why it’s important to create an emergency account that can cover your basic living expenses for three to five months. You need to have some sort of emergency fund in case a financial hardship, such as job loss or medical issue, arises.

If you often say, “I simply do not have anything left over to save,” when it comes time each month to put money in your savings, there is a strong possibility that your basic expenses are eating up too much of your income. Depending on your monthly wages, your mortgage/ rent should equal 30

ave an endless supply of funds, but they are basically one paycheck away from financial disaster.

Financial success includes the ability to withstand financial hardships, such as unexpected money emergencies or loss of income. When presented with financial problems, many people have a difficult time coping because they owe too much in credit card debt and do not have enough money saved. This is why it’s important to create an emergency account that can cover your basic living expenses for three to five months. You need to have some sort of emergency fund in case a financial hardship, such as job loss or medical issue, arises.

If you often say, “I simply do not have anything left over to save,” when it comes time each month to put money in your savings, there is a strong possibility that your basic expenses are eating up too much of your income. Depending on your monthly wages, your mortgage/ rent should equal 30

g because they owe too much in credit card debt and do not have enough money saved. This is why it’s important to create an emergency account that can cover your basic living expenses for three to five months. You need to have some sort of emergency fund in case a financial hardship, such as job loss or medical issue, arises.

If you often say, “I simply do not have anything left over to save,” when it comes time each month to put money in your savings, there is a strong possibility that your basic expenses are eating up too much of your income. Depending on your monthly wages, your mortgage/ rent should equal 30

issue, arises.

If you often say, “I simply do not have anything left over to save,” when it comes time each month to put money in your savings, there is a strong possibility that your basic expenses are eating up too much of your income. Depending on your monthly wages, your mortgage/ rent should equal 30 percent of your income. If you are clearing $2400 dollars a month, your rent should be $720 or less. Also, your basic expenses, such as your car payment, utilities, food, and insurance should not exceed half of your monthly income. So, if you are paying a large car payment every month, you should think about selling your car and buying a less expensive or used vehicle (just make sure it’s reliable). If your house/ apartment payments are extremely high, you might want to consider moving into a less expensive home or living in a more affordable area.

You may find it difficult to downgrade because you are giving up the lifestyle that you have grown accustomed to; however, you should also realize that this lifestyle has no solid financial backing. You may believe that your house and car are great assets, but, they may in fact be huge financial burdens that do not increase your wealth. Instead, you are only increasing your credit card debt. And, if you have to put money on your credit cards every month so that you have cash to pay your mortgage, you are really losing money. Having savings instead of credit card debt is crucial