Tuesday, 1 January 2013

How to Create a Secure Financial Future for You and Your Family


How to Create a Secure Financial Future for You and Your Family


How to Create a Secure Financial Future for You and Your Family How to Create a Secure Financial Future for You and Your Family
By Stephen Degnin
Secure Your Financial Future
Be honest in these austere times we all want a more secure financial future, one which can guarantee you and your family the lifestyle that you are looking for. This is not easy if your income is low or restricted by company policies, however, there are some things you can do for yourself, that may sound simple, and as though I am trying to teach your granny how to suck eggs, but I am going to give a few basics to put you on the path to financial freedom.
Control your credit addiction
When you want to get serious money for a more secure financial future, curbing the desire to use credit at every opportunity is the first step to being in control of your finances. Every time you use credit; you pay more than you have to for your desires. Impulse buying of items that you don't need on the credit or store cards is detrimental to your financial future, as it has the temptation to spend large amounts on "emergency items" and in times of hardship or if your finances aren't as good as they used to be the temptation to pay the minimum balance can be overwhelming. According to a Gallup poll in 2008, while 43% of Americans paid the balance every month, 28% of people hold a balance of $1000 with 9% holding over $10,000 a month, not a very secure financial future for these people.
Get a debit card, the fees are less; you can't spend more than you have been available, and you are in control.
Delay Gratification
This phrase is used by M. Speck Scott Speck, in his book "The road. Less traveled." However, it is quite simply in financial terms, meaning to save for what you want, and pay for what you can afford. Not all credit is bad; you may need a new car as the old one has had it, but don't be tempted to spend your full available funds each month, if you can afford $350 per month, pay $300, the car might not be the one you really want, but it does the same job and serves its function. You have $50 a month more for a secure financial future.
Another example is those denims you want. Do you really need a $100 pair of denims, or can you live with $70 or even $50 dollars worth? It is only denims. The last thing, and this is the easiest, but only the groceries you need with a couple of treats. Shopping baskets full of potato chips, soda, luxury ice cream, etc., is not only bad for your physical health but also your financial health. Create a secure financial future for you and your family by controlling your urge to spend more than you can afford, it is not rocket science. It just takes restraint from everyone.
Take Control of Your Own Destiny
If you are like the majority of people who are working in paid employment, you may be happy or maybe not, but if you are not and want more, then you must decide if you want to settle, or if you want to do something about it. You may have a skill or trade that allows you to work for yourself, or you may want to go to collage or university. It is never too late to learn. You may write a book, start a blog selling affiliated products, the list goes on and on. The main thing is that you are the one in control of your own destiny.
This might not be the safest option, depending on how far you jump into it, but it is the most rewarding if success happens. The options of writing a book or creating a blog can be done in your spare time while you still make an income from your paid employment with no need to burn your bridges while getting started.
Summary
Taking control of your spending on credit, using it only when necessary, delaying gratification will control your finances better and taking control of your own destiny might just give you a secure financial future.
My name is Stephen Degnin and I can help you to make money online. Everybody has to start somewhere, and just as I had to start, you can benefit from what I have to offer. To find out how I do it, check out my website on http://www.secureincomeplan.com where you will find some great ideas for earning a living online.
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