If Money Talks...
"If Money Talks It Ain't On Speaking Terms With Me" w.m. J. Fred Helf Most of us laugh at Helf's witty song title with a wry sense of agreement. We've been there, we are there, and sometimes we feel like we'll be there forever. Seems like all our friends make and spend money carelessly, but it eludes us, flees screaming down the hall from us.
If this is a time in your life that you want to get on friendly terms with Money, start employing these first three tips and pop me an email (coachv@victorencinas.com).
1. Sell something. Sell the junk cluttering the garage. Sell old furniture. Sell the clothes in the back of the closet. Sell until your dog hides under the couch hoping you won't notice him. Make at least $1000, and stash those smackers in a separate savings account before the urge to spend it hits. This will be your new emergency fund. Not the one you use for the new couch, the quick trip to the mountains, or the membership to the gym that you forget to use by mid-February. AN EMERGENCY. Feel the freedom of a real back-up plan.
2. No longer borrow money for anything. This includes borrowing money from banks through credit cards to pay for emergencies. Remember, your new emergency fund from tip number one covers that.
3. Stop eating out. The average annual household expenditure for food devoured away from home in 2002 was $2,276. That's $910 per person. And you know that figure has risen after four years.
If you've started on these tips already, or if just reading them gives you hope that you won't be Money's bitter ex forever, then pop me an email (coachv@victorencinas.com). As your personal financial coach, I give you the tools to set your course for a new financial future.
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