MyWorldPlus for Moms
Just for Stay at Home Moms


    Contact Steven Phillips
       Email: (Please email first) pgnevets@windstream.net
         Phone: 404-754-9314

    






My World Rocks with MyWorldPlus.     

(this page is viewed best with Google chrome)


Sign up for MyWorldPlus.  Heard of MyWorldPlus and ready to sign up.
  Signup for MyWorldPlus Here
 MyWorldPlus Movie


Get out of debt through saving by Steven Phillips The economic situation seems bleak. It is plastered before you every day on the news. They speak of economic recovery and then the next day show the stock market take another dive. For some, the stress of getting laid off of work or being fired has driven them to hurting themselves or others. What gives? It seems that a bad economic situation my spurn more than a downturn in the wallet. If you have found yourself in a financial crunch, a plan to get out of debt may help you and your family. Despite some opinions, no one, not even the president is going to bail you out of this one. The stress of a financial struggle could drive a wedge into that close family bond you are used to. If you are in charge of your family finances, you owe it to yourself and your family to make a plan and work your way to a better position. Getting started is easier than you think. The very first step in your plan has nothing to do with making more money. I realize that you will only be able to make a pre-determined amount of money in the very near future. So, what do you do. Start by attempting to hold on to as much of your money as you can. Who cares how much money you make or don't make. If you don't save any of it or are over spent every month it doesn't matter if you are a gozillionaire. So it is all relative. As you start to lay out a plan, think along these lines. Your paycheck last week was $2000.00. You Spent $2005.00 and you realize you are broke again and don't know where you are going to make it up. Your lazy neighbor only made $400.00 but he was able to deposit $200.00 in his savings account. Relatively speaking, who is better off. I just want to point out that how much money you make has nothing to do with this equation. Creating a budget is very easy after you get started and stick to it for a month or so. Then, it becomes the norm. Eventually, as you start to see your savings grow you will do more to increase the amount saved. Begin your budget by listing all of your bills on the dates they are due. When you go to the bank on payday deposit the required amount to cover those bills into checking. Have the cashier give you enough spending money to get you through the week for gas, groceries, movies etc. Lastly deposit any remaining money in your savings account. If you don't think you can save any, cut back on the spending money and try to save at least 10% of that amount. One word you need to drill into your head is "frequency." No matter how little you deposit in your savings each week, just ensure that you do. Do it week after week after week. As you move along week to week, you will see that savings balance grow. In time, the way you look at handling your finances will change. You will seek other ways to improve your position. Once you save a sizable sum, you will breath easier or be able to pay down one of those balances. It doesn't matter if all you have to save is $5.00, try to save $10.00 and make it up somewhere else. I am going to show you how to do that. Now about the dreaded credit and debit card monster. Both types of cards have their own issues. Debit cards make it easy to access the cash in your checking account. Attempt to break this habit. Do whatever it takes to live off of your allocated spending money until you get paid again. It may mean not eating out, skipping a movie, etc. As far as credit cards are concerned, don't use them unless you have an unfortunate emergency. Or, cut them into a thousand pieces. Saving is much more difficult when in the background you are paying high credit card interest and fees. Stop the madness and do what you have to do. Condition yourself to believe and know that if you don't have the money, you don't have the money. Lastly, going back to saving all you can. Remember that how much you can save is the key to your getting out of debt. To maximize every dollar, find the best deal you can find on all purchases. For major purchases, shop at least three places. Search for discounts and coupons on the items you buy. You want to know where to get $20.00 this week to put in your savings account? Find a couple of discounts or coupons. Becoming an avid saver is a condition of the heart. You can do it if you really want to. Find discounts and coupons every week at MyWorldPlus Find more information about a saving plan or starting a home income program, visit Steven Phillips at the best deals

Steven Phillips is a myworldplus member and associate. 

Recent Articles: