Take Your Money to the Doctor
Every year, most of us take the time to visit the doctor for a yearly checkup. We take our vehicles for yearly tune ups, our pets for checkups, and we even set dates for the bug man to come every year and make sure we are pest and rodent free in our homes. Why not take your money for a check up? There is a process now called predictive analytics that does just that. It examines your spending habits, your current savings, and all the other things that already exist in your world of finance. Then, it concentrates on the things that might threaten to make your money “sick” like fraud or theft. Finally, it gives advice on what to do and what not to in order to make your financial future prosperous.
There is no getting around this one. We are the world’s worst at saving our money. It is a good idea to put back at least 10% of everything you bring into the home, monetarily speaking. Many money gurus would suggest that if you can spare more to the cause, do so. You never know when you are going to need it. Teenagers wreck cars, hubbies accidently paint the living room the wrong color, and you can never predict nature. Life happens. If you learn to save, you’ll not only be more prepared for those things, you’ll find you have less stress to deal with, as well.
In the good ole U.S. of A., spending our hard earned cash the way we want to is a privilege many of us like to take advantage of. However, we do this with much less wisdom these days and find ourselves struggling to meet our needs and the needs of our families. There has to be an easier way. Unfortunately, I must be the bearer of bad news. The only way to fix this is to spend less. Sit down with your significant other or the members of your family and write down everything you might do in a week that requires money, even down to that weekly trip to Taco Bell. Then, discuss things that you could do in place of some of those things that would either be cheaper or free. For example, your weekly trip to Taco Bell could turn into a picnic at your favorite lookout.
Money may not be what makes the world go around, but it definitely helps it spin. Taking care of it and how we use it and save it could mean the difference between a life of lack and worry or a life of plenty and peace.