AuthorsDen.com   Join (Free!) | Login  

     Popular! Books, Stories, Articles, Poetry
   Services MarketPlace (Free to post!)
Where Authors and Readers come together!

SIGNED BOOKS    AUTHORS    eBOOKS new!     BOOKS    STORIES    ARTICLES    POETRY    BLOGS    NEWS    EVENTS    VIDEOS    GOLD    SUCCESS    TESTIMONIALS

Featured Authors:  Mike Hartner, iW. Craig Reed, iKathleen Morris, iGisele Vincent-Page, iDR FRED BELL, iKathy L Wheeler / Kae Elle Wheeler, i Aberjhani, i

  Home > Self-Help > Articles Popular: Books, Stories, Articles, Poetry     

Blondie Clayton

· Become a Fan
· Contact me
· Success story
· Books
· Articles
· Poetry
· News
· Stories
· Blog
· 51 Titles
· 46 Reviews
· Save to My Library
· Share with Friends!
·
Member Since: Dec, 2003

   newsletter

Subscribe to the Blondie Clayton Newsletter. Enter your name and email below and click "sign me up!"
Name:
Email:
Blondie Clayton, click here to update your pages on AuthorsDen.



   Recent articles by
Blondie Clayton

Best Book Publishing Choice: More Books For the Money
Which Book Publisher Is Right For Me?
How to Promote Your Book As A Freelance Writer
Cooking: My Friend Taught Me How to Spice Up Salmon
Writers Resources: The Tools You Need As A Writer
How to Publish A Book Without Being Scammed!
Should Pedophiles Have the Right to Publish How To Child Lover Works?
Fast Weight Loss Seekers Could Risk Dying to Get the Right Look
Love and Romance Does Not Pay the Bills
Why Authors Should Hone Their Speaking Skills
Are You having Marriage Problems?
Are Your Self Published Book Sales Dropping?
           >> View all

How to Turn Your Financial Troubles Around
By Blondie Clayton   
Not "rated" by the Author.
Last edited: Wednesday, December 16, 2009
Posted: Saturday, June 23, 2007

Share    Print   Save    Become a Fan


Money worries have many voices, stop being anxious, confused, angry, and feeling hopeless, learn how to master your money troubles

     Money worries have many different voices: “How am I going to pay my phone bill? My lights are almost two months behind. The rent is due. What are we going to do about the mortgage? We don’t have money for football uniforms. No field trip. That cost money. No, you can’t have that, it cost more than what we have in our budget. They’re coming to take the furniture back; our payment is overdue. The kid needs her braces removed but the dentist won’t do it unless we pay the rest of the money we owe. I’ve lost my job. I’m sorry, honey, they have downsized my position. If I want to keep my job I will have to take a cut in pay. How can I afford these child support payments? I can’t take this any more. What are we going to do?”

 

     A mind that is cluttered with money worries may be flooded with one or two or all of these thoughts at one time or another. Maybe you were there once in your life, maybe not. Most people with financial troubles are anxious, confused, angry, harbor feelings of hopelessness, insecurity, and uncertainty about future financial outcomes.  Consequently, this state of mind affects everything, including work performance.

 

     It’s time for a financial assessment. Is your trouble       because you have maxed out your credit cards? Maybe you have more month than money. Do you have medical expenses? Are you sick and can’t work? Have you lost your job, or been downsized? Where did the shortage originate?

 

     Once you have assessed where the problem lie, then you can look at remedies. Money troubles in plain simple English are not enough money to cover your present lifestyle. The causes may or may not be within your control.

 

     When the funds are low, the logical answer would be to make more but what most people do is fret about it. Some spend more time worrying about what they don’t have while others add on a second job.

 

     Money troubles are not going to go away without something changing. Worry will not make up the deficit but initiating a plan of action will.

    

     Step I

     Make a list of all of your monthly household living    

     expenses: mortgage, rent, utility bills, etc.

 

     Step II

     List Your Debts (creditors you owe)

 

     Step III

     List your entertainment

 

     Step IV

     List miscellaneous (lunch, coffee, snacks, etc.)

    

     Step V

     Write in how much you pay on each. Total that

     amount.

 

     Step VI

     List your sources of income (job, spouse, etc.). Take  

     the total from this and subtract it from what you spend on  

     household, debts and entertainment. If that figure shows

     you are not covering your expenses, look back at your 

     expenses; see what you can eliminate from entertainment.  

     Make a list of other areas you are expending money,

     such as lunch, dry cleaning, hair cuts, etc.

 

     Try taking your lunch from home rather than buying lunch. The average lunch cost about $7.00. That $7.00 for five days comes to $35.00 a week, totaling $140.00 a month. Imagine if you, your wife and children spent the same amount weekly,that would amount to a partial mortgage or  rental payment.

 

     Take a look at your Debt. Began to work from the smallest to the largest. Take the money you saved from not buying, let’s say lunch, and redirect the total amount towards paying off the smallest debt first.    

    

     As you pay off each debt, take that money and add it to the next smallest debt, working your way to the largest, until you have eliminated your debt completely. While you are doing this, examine your household budget.

    

     Look at how to eliminate some of your other expenditures; for example, if you have a high cell phone bill, you might want to exchange that cell phone for one with a more fixed rate. Maybe instead of hiring a lawn service, you could cut the grass yourself. Perhaps you might visit Barber or cosmetology trade schools to obtain these services at a reduced rate.     

    

     Look at what you are already doing first to find the extra money. If you still need more to make up the deficit, then you might look at your skills and talents: start a home-based business. It’s something you could do as a family.

    

     Money troubles can be conquered, if you are willing to take a few extra steps. Don’t look at the impossible debt mountain, began the climb one step at a time. And, yes, it is okay to reward yourself along the way but keep in mind where you are headed. Don’t overdo it. Once your debt is eliminated, don’t spend the excess money; instead, add it to your future savings options.

    

     Understand that paying your debts down will not take place overnight but if you are consistent it will happen.

 

 

Blondie L. Clayton is a Realization Strategist™,  Publishing Coach, Author of several books, freelance writer, hosts of online radio show at www.blogtalkradio.com/changinglives. Download your free debt free starter kit at debtfree.print2publish.com

 
 
 

 

Web Site: Download Free Debt Free Starter Kit


Reader Reviews for "How to Turn Your Financial Troubles Around"


Want to review or comment on this article?
Click here to login!


Need a FREE Reader Membership?
Click here for your Membership!


Reviewed by Debra Babatunde 10/7/2008
Feel I was guided to this article as a first step in taking charge of my financial woes. Time to take energy wasted and anxiety mounted in fears and make a positive life change. Printing this article to use as a roadmap. Many Thanks!!
Reviewed by Doug Miller 6/24/2007
I thought your article was easy to understand, and the advice was simple and clear. Thanks - Doug

War Zone, Backing Out of Hell by Dave Harm

"War Zone" is the prequel to "Damaged Merchandise." It takes place 10 years before the poetry came alive. It is the story of my first two years of sobriety and the demons I battl..  
Featured BookAds by Silver
Gold and Platinum Members


Have You Seen My umm Memory? by Miller Caldwell

The expanded American edition of a most popular self help book published by OUTSKIRTS PRESS in Denver...  
Featured BookAds by Silver
Gold and Platinum Members

Authors alphabetically: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Featured Authors | New to AuthorsDen? | Add AuthorsDen to your Site
Share AD with your friends | Need Help? | About us


Problem with this page?   Report it to AuthorsDen
AuthorsDen, Inc. All rights reserved.