Do you have debts that feel hopeless? Do you neglect having a savings
account because you don't have any money at the end of the month to
make it even worth your while?
If this is you, I want you to look at the following quote:
Let's look at this quote now in the light of our personal finances.
Many people I talk to don't pay extra on their credit card debts or
don't start a savings program because they feel they don't have enough
to contribute that would make a difference. But I want to challenge
that thought process. Doing a little has a much greater impact on your
finances than just the elimination or accumulation of some dollars and
cents on an existing bill or savings account.
For example, if you have no savings account for a rainy day, it is
important for you to start one. The first step is to set a goal that
you are going to create a savings account. The next step is be to
determine how much money you can contribute each day, week or month.
Now here is where many people suddenly give up. If they only find $5.00
a week to spare or some other small amount, they do nothing. This is a
big mistake.
Here's the catch! The amount is NOT the issue. The action of doing is!
Have you ever thought of the ramifications that such an action might
lead to? No matter the amount you set aside each week, the fact that
you do set something aside begins to form a habit. It is the habit of
saving on a regular basis. It is also a great starting point for bigger
and better things. If you can save $5.00 a week this month, what can
you save next month or even next year?
Also, the habit of spending money will take on new meaning. No longer
will $5.00 be a meaningless purchase to you that previously was so
quickly and frivolously spent without thought. You will be more
conscientious when you spend and on what you spend your money.
This practice will also improve your self-discipline. Paying yourself
before you pay all your bills and other expenses (that will always be
there) will give you control over your money that you probably have
never known. It will give you greater self-confidence that even though
the amount is small, you are taking positive action. This establishes a
valuable trait, which supports the simple money management theory of
living below your means.
So if you find yourself with more month than money and no savings
discipline, I encourage you to start today. Go get $5.00 from your ATM
and make a deposit to your new savings account. Mark this appointment
on the calendar every week for the rest of the year. Never miss the
opportunity to develop and support this rewarding habit, no matter the
amount. Just do what you can! But do it!
©By Doris Dobkins
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