Where Does It All Go?

We have been working toward eliminating our credit card debt by saving money. How do we save the money? We keep track of all that we spend and eliminate the ways that are not productive. For example, I like to have an occasional adult beverage, particularly in the summer (and especially after the yard is mowed). If I were to go to a local establishment to purchase a beer, it would run $4.50 (depending on where you went).

Ouch!

Instead, I can purchase a case of 30 (which will last quite a while) at a store for around $0.60 a can. That means that I would save $3.90 per drink. If that case lasts the entire summer (and it may), I will have saved $117.00. Wow! And it saves me the gas to drive to an establishment and the time, yada, yada, yada. You see, it is the little things that add up.

That is why having a budget and keeping track is essential to gaining control of your finances. Rumor has it that when Michael Jackson passed away yesterday, he had amassed nearly $200 million in debt. Our credit card debt may not be anywhere near that amount, but when compared to our income, I am sure that some had nearly the same rate of debt. He didn't have control over his spending habits and it caused him financial worry. Everybody has the ability to gain a little more control over their finances, but you have to make a decision to be informed and willing to work at it. The good news?:

You CAN do it! Have a GREAT day!