It’s time to start living within your means with money left over. Here are some basic questions that you need to ask:
What are the financial issues that concern you and causing pain?
Is it credit card debt, student loans, pay for my children’s college, rainy day funds and my monthly budget?
What is my lifestyle budget?
There are lots of tools to help with that. The key is figuring out what that is and keep to the budget.
Am I living above or below my means?
How much do I take home each month? What am I actually spending? Chances are you are throwing away money that you could turn into savings or paying off a debt.
Can I afford to buy a new car or a house now?
This is good to know before you take a leap.
What are the top priorities financially?
The three most important things I want to work on right now.
What should I be saving for retirement right now?
Why of course you should! The question is how much do you have to extra to put aside today?