2008年2月29日星期五

[G4G] About Membership dues and financial freedom

  About  Membership dues  and  financial freedom

 

      Old  proverb say:" A man without money is no man at all".  now we have to Pay  the membership dues.Any local dues would be paid directly to the unit you are joining.on this  things,i will    say:"A penny saved is a penny earned".
      Financial freedom is a term we hear a lot about right now.  With many people in serious debt and others struggling from month to month to pay their bills, it might seem that the problem is purely about having a certain amount of money.  However, financial freedom is much more than just making money.  Financial freedom is also about having a positive attitude towards finances and a satisfaction with what we already have.

    The first step towards establishing full financial freedom is to reduce and eliminate your debt.  Being beholden to a lender can weigh you down with monthly payments that can drag out for years.  So,  it is essential to develop a plan to free yourself of such debt.

    One way to do this is to pare down the number of credit cards you maintain.

    If you have several cards, the main objective is to get them paid off as quickly as possible, preferably paying off the higher interest cards off first.  In any case, getting at least one card paid off and then closing that account will give you a satisfying feeling and encourage you to continue with your plan of getting your finances in order.

    You also want to keep yourself out of debt by curbing impulse spending.  Before making any new purchases, give them some thought.  How important is this purchase to you?  Can you get it for a better price?  Hopefully by thinking before you buy, you will end up buying far less, thereby saving more.  Interestingly, you probably won't miss most of the items that you momentarily craved, and if you do, then you can set aside some money from every paycheck towards buying it.

    Another important step it so create a budget to help you choose where your money goes and help you to keep track of your progress. Be sure to put a small amount of money aside for your enjoyment and to reward yourself for your efforts. Of course,  the big reward will be when you realize how much headway you have made towards being in control of your own money. Then, regardless of the balance in your banking account, you will have achieved true financial freedom.


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