Does your list of credit card payments, interest rates and other expenses creep into your thought stream while you walk, relax or meditate? Has your credit score become your higher power? Pangs of guilt diminish the joy of a new purchase of the perfect bag, golf club or cell phone?
Financial freedom is not having more money than you will ever need but having a plan for what you need and a program to make that possible. Move to a cash basis and have your money work for you. Compartmentalize expenses so that a portion of the money going out is carefully pre-determined to support all areas of your life that you say get cash. Some possible compartments might include: automotive, annual travel, weekends away, clothing, sports equipment, computer and cell phone, well being and alternative preventative health care, books, education, prudent reserve covering six month living expenses.
No need to get fancy, start out with a pile of white envelopes and a pen. The important thing is to get started and to fund at least a few consistently every month. Think of it as planting your financial garden. Maybe you can only part with $10.00 in each of five categories but these are seeds of change that will harvest a solid financial future. It's easier to expand the garden than to till it the first time. Eventually you will want to have the money in savings accounts generate interest while you are busy not spending the money. Many on the FindBliss.com team use INGDirect, they allow you unlimited free savings accounts and pay extremely high interest.
Now you can relax when you buy that new organic bamboo towel set while visiting your favorite spa knowing there is money set aside for new tires and brakes when you need them.
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