Has Christmas and holiday shopping thrown your budget out the window? If your family celebrates the holidays you may feel pressured to purchase things for your loved ones that you really cannot afford. There is help for overspending. Ideally, when you do gift giving (no matter what the occasion) you do it from funds that you have set aside for that purpose. For many people that is just a dream and seems impossible. January will see a lot of increases in credit card bills.
Instead of trying to figure out how to pay those additional bills the first of the year, would it not be better to plan for gift giving in your daily budget? It may be a little too late this year to do anything about that but why don’t you start out the New Year fresh with some budgeting tools to help next year be better? The economy has had it’s ups and downs now for some time. Many people still have not recovered from the losses suffered from several years ago. Many of the better paying jobs vanished and the jobs that are out there now do not even come close to replacing the lost income.
Is There a Way To Get Ahead?
Have you heard the saying, “the rich get richer and the poor get poorer?” There is some truth to that. Unless you have some means of growing your income then what you earn today will not pay for as much as it did yesterday. I know a lot of hard working folks who are just barely getting by. Wouldn’t it be nice if ordinary people could learn from the lessons of the wealthy and begin to grow their own wealth? They can. They just need to learn how.
Over at Conquer Each New Day you will find a post that tells a little bit about the Money Habits Of Millionaires and how they maintain their wealth. It also gives some tips to those who are not wealthy to help them improve their financial picture. When you look at the statistics you find that only 3% of millionaires actually inherited their wealth. That means that the large majority of them had to work at something to create that wealth.
So, you are not a millionaire and you figure that if you were then you would not need to budget anyway. Right? No, I am afraid that would be wrong. The individual who has created wealth for himself has used budgeting skills to be able to set aside funds for investing in wise solid investments. It was not just luck. That is something that you can do too. No matter where you are, there are probably some things that you can do to improve your situation. You may have to make some sacrifices but would that not be worth it if you could improve things long term as a result? There is help if you are willing to make some changes.
There are places online that have budget calculators. There are also some really good budgeting books available on Amazon. The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness by Dave Ramsey is a good one to follow to get your finances back on track. Be cautious about using some of the debt management programs online that supposedly will help you get out of debt. Although there may be some good ones, there are also some that will simply cost you more money for the privilege of managing your debts. We were going to recommend one or two but decided against it because you can get the same service for free through the Consumer Credit Counseling services. They can help you create a budget you can live with and if you wish enroll you in a debt management program. You must be aware that if you enroll in the debt management program then you cannot incur any more debt. It works for many as long as they are able to continue making regular payments. This service is the effort that many use to avoid filing bankruptcy. We really don’t want to get in that deep, now do we?
Debt Proof Living by Mary Hunt is another fabulous resource for those trying to get out of credit card debt. Mary is a master at curbing runaway spending habits. Like many others, she learned the hard way.
If your Christmas budget has been blown… you are not alone. There are many people in the same boat with you. You need not feel like a scrooge. Just do the best you can and get onto a better plan for next year. Some of the best gifts I have been given cost nothing at all other than a little bit of time and loving thought.
My Mom was housebound for a long time. She not only did not have the funds to buy gifts but also did not have a way to do any shopping without me helping her. I still have a card that she gave me and will always cherish. Inside she had written:
“What can I give you poor as I am?
If I were a shepherd, I would give you a lamb,
If I were a rich man, I would give you my part,
But all that I can give you is the love in my heart.”
Check out the blog over at our sister site where we explore different ideas on helping you to conquer each new day of your own. You may have no desire to be a millionaire or above. You may only want to be comfortable and not have to worry about how to pay your bills or take proper care of your loved ones. That would be nice for anyone, wouldn’t it? Whatever you desire to achieve in life, I pray that it is a rich rewarding life in many more ways than just money. Money is just a tool. I pray that this holiday season is a blessed one for you. Have a very Merry Christmas and happy holiday season.
All comments and ideas are appreciated