Oblivious

Whether you are single or in a relationship, it is imperative that you take an active role with what is happening with your money.

I thought by paying my bills on time, balancing and reconciling my checkbook regularly, was managing my money. But let me tell you, it is not.

Yes, I was being responsible by paying my bills on time and I knew how much money I had in my bank account but I was not in charge. I was not telling my money where to go nor did I have a plan for it. I knew my monthly payment for each debt I had and the date it was due but I could not tell you what my total debt was.

The day I decided enough was enough and put pen to paper and create my first budget was a revolutionary day for me. I realized I was $68,000 in debt and that I had more money than I thought I did. I started paying off debt, building up my saving and creating sinking funds. But most importantly I was in control of my finances and I was giving every dollar a job to do.

My husband and I identified what our goals were and put a plan in place to achieve them. It was not always easy sometimes I thought of “I work hard so I deserve …” It is a challenge to break and create new habits but I was determined. Anything that took us further away from our goals we eliminate and we push and support each other.

You too can do the same thing. Identify your goals and put a plan in place to achieve those goals. You will have good days and bad days but do not give up. Financial peace is attainable, you just have to be willing to make the sacrifice now so that you can have the future that you want.

What are some way you have began taking charge of your money? let me know leave a comment.