Personal Finance: Not Wasteful, Not Miserable

July 13, 2010 · Posted in Financing · Comment 

The societies that suddenly become rich often behave like people who win the lottery, entering into an orgy of consumption and not brake on time will be controlled can lead to traumatic awakening. Examples abound in the economic history of mankind. Which brings us to affirm that this type of situation is cyclical.

The idea is that if you live in a country where economic performance has improved markedly in recent years, you put your feet on the ground and take advantage of that situation.

That’s the opportunity that you understand the role of money in your life and define what should be the best way to interact with.

The idea is that you think carefully about how you are managing your financial affairs, here is a series of questions you should think carefully.

1. Do you collect your receipts and invoices for their purchases or otherwise these are the support of personal accounts?
2. What is often the final destination or simply to shop? Did you save or spend it on nonsense?
3. Do you operate a family budget and if so what respects?
4. Do you have the habit of saving part of their salary?
5. Do you buy on impulse or necessity?

Answering these simple questions can give you an idea of their financial profile. The spendthrift is someone who does not know how much you earn or how much you spend.

Child has half a mind because deep down is that their problems will be solved alone, as if by magic. At the other end of the spectrum is the greedy and mean, which controls its resources excessively. This may suffer relationship problems because it leaves to go to the movies with his wife to save or stop frequenting the family holiday, so no need to give gifts.

Between these extremes there are different nuances, the balance between money and life goals is ideal. There is equilibrium when the money is facing as it is: a way to realize individual goals of each individual.

Think about it, that makes the difference between waking from a dream of prosperity to take control of your financial reality.