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Where do you want to be financially?

Your life is different from everyone else�s around you. Your financial life is an important building block for your future and your families� security. Because financial security is important to make it through �emergencies� and through those tough times when you might find yourself searching for work, I am going to give you a few examples of financial stability, and examples of those who might need a boost in thinking more about their financial security for the future. 

If you find that you are meeting many of the financially stable portions of this article description, perhaps you just need a refresher course on some of our topics to make sure you stay one �track�. 

If you find yourself lacking in a few or all of the financial topics that we discuss in this article, I strongly suggest that you continue reading more of the topics included on this site for additional methods of saving money, making more money for securing your financial future and your life style for years to come. 

While some of the tips and hints on this web site are general, apply them to your own situation and your own feelings so that you can work hard at getting ahead, so you have less to worry about when it comes to money!

First, take a look at how much money you make a month. Write down where all of your income comes from, and you can even list where it comes from if you would like. If you are making more than $50,000 a year, you are doing well for yourself, to a point. You still have your expenses and debt to look at after thinking that you are making a lot of money. 

If you are making or earning anywhere from $20,000 to $40,000 you are pretty much average in earnings. You are able to get by, sometimes from pay check to pay check, but you are still able to afford a vacation once in a while if you are able to keep yourself from using those credit cards and credit lines too often. 

For those of us who earn or make less than $15,000 a year, it is difficult to get by. Often we do not have the many luxuries that we want in life, or sometimes need. There are actually quite a large number of families who are living off less than this amount every year, meaning you are the type of person who needs the most help and motivation in stabilizing and bringing up your income so you can be more comfortable with less worries about money in the far future. 

While many people do not sit back and think about other people�s situations financially, a person could make less than $15,000 a year, and actually have fewer worries about money than someone who makes that $50,000 a year. 

What do I mean by all this?

There has to be a balance of debt, spending and saving in your life so that you are prepared for all types of emergencies in life. One could become sick and can�t work for a few weeks, one of us could lose our job, or an accident could happen causing some rather large expenses to be incurred. 

What I want to stress in this exercise about �thinking� about how much you make financially and where you want to �be� in life, is that without planning, and saving, there is no one person who is going to be financially stable or secure in life. 

No matter if you make $50,000 or $15,000 you should be putting some amount of money into a savings account every week or month.

Why? If you happen to be off work for two weeks, how would you purchase groceries? If you were just getting �by� paycheck to pay check, how would you buy gas for the car if you have no savings at all and no income at all while you look for a new job?

Planning and saving is going to be the key to financial success. While you are making more money, put more into your savings. If you have a hard time getting by from pay to pay, put just ten dollars a month away. You will be very surprised how fast money can add up, and how handy it can be when a problem or emergency does arise. 

Sure you have credit cards, credit lines, and you can ask other people for money if you have a problem, but you should only do this as a very last resort. Relying on your credit cards or credit lines only means you are going to have to pay this money back later, putting additional stress on your levels of income. 

If you make $3,000 a month, but you pay out $1,000 for your mortgage, $500 on your credit cards, $300 a month in groceries, and you have a $300 a month car payment, it doesn�t leave you much for buying groceries, paying the utilities and such. While saying that you have a �big� income might sound great, you are still living check-to-check, which is not good for your financial stability or your future. 

Get ahead of the money game, start saving and �pay yourself� first, before you pay any of the bills or spending money on shopping. A savings account can make a bad situation or emergency so much easier and will lessen the worries of it all!

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