Have you ever wondered where your money is going? We know that the state of California is in debt and facing a financial and budget crisis, also interesting is that most people in Southern California are in debt and are spending more money than what they make.
When facing a financial crisis, fear and stress will paralyze you from making good decisions. It is important to cut back your spending immediately.
Don’t wait for the next big deal. Get a game plan together by reviewing your budget and not spending money recklessly. Communicate with your spouse and don’t be in denial. Be pro-active, not inactive.
For the next 30 days, track every nickel, dime and penny you spend on groceries, coffee, fast food, essential bills, and all the other odds and ends around town. Place these entries in a journal and break it into categories.
At the end of the 30 days, total each column. This is where you will see the areas you can cut back. Once you cut back, move your savings to your budget.
This money journal will be a wake up call. You can get started with our financial budget worksheet today.
If you would like to meet with a national credit expert located in Orange County, California, call Professional Credit Counselors today to schedule an appointment at 888-838-4768. Get financial relief and learn how to get out of debt with help from your Southern California financial coach. Our team of coaches will review all your expenses and budget and create a personalized game plan for you.
Written by Deborah McNaughton
DEBORAH MCNAUGHTON is a nationally recognized author, credit expert, and financial coach, and is cofounder of Financial Victory Institute. Deborah is a monthly columnist for First for Women magazine and has been interviewed on hundreds of national television and radio stations, including CNN, Bloomberg Television, and Good Day New York. She has also been quoted as a credit expert in many publications, including Wall Street Journal, New York Times, and Today s Christian Woman.
