Solving Financial Problems & Money Affirmations

metaman — Wed, 08 Oct 2008 12:40:17 +0000

Loose the negative associations with Money allowing yourself to own money (see Money Affirmations below)
Practically there are basically only three ways to solve financial problems:

increase income,
decrease expenses, or
adjust credit debt payments.

Several options exist for increasing income but all may not be alternatives for a particular situation. These possibilities include upgrading a present job to one that pays more; switching jobs to a better-paying one; working overtime; having someone additional in the household seek and find employment where more money is made than spent; qualifying for assistance, either public or private such as food stamps, child support, grants or subsidies; and renting or selling assets that are no longer needed and/or used.

Temporary adjustments in expenses may provide temporary income increases. Stop payroll deductions for retirement, savings, or education funds. Adjust tax withholding so that enough is being withheld but a large tax refund will not be coming next spring. Do more home production; garden or sew if you already have the skill and equipment needed. Use community resources for recreation. Pay insurance premiums monthly instead.

To decrease expenses either CUT DOWN or CUT OUT. For most people going “cold turkey” or cutting out entirely may not be possible. Above all, to cut expenses, go to a cash-only basis; put all credit cards out of reach.

Certain expenses cannot be cut out entirely because of health or safety concerns such as utilities, food, health, recreation, and insurance.

[Reference (renewed) source: Solve Financial Problems]

metamagazine.com » affirmations

Solving Financial Problems & Money Affirmations