The Three Universal Steps to Get Your Finances Under Control

Do you have credit card debt? Are you overdrafting at the bank? Are you desperately struggling to pay your rent? There usually isn’t an overnight fix for that, but it is a fixable problem. Beyond get a job and avoid getting into debt in the first place,these are the three basic steps to getting your finances in order.

1) Budget: Write down what you’re spending money on. If you can access your bank account online, do that and go back 2-3 months to make sure you aren’t missing things. Pro-rate for things you spend money on once or twice a year like shoes (If you spend $120, budget $10 per month on it.) If you are buying things like books on Amazon, lunch with friends, coffee at Starbucks, etc, account for them. Include debt payments. You want accuracy.

2) Figure out where you can cut expenses: Now that you know what you’re spending money on, you have one of two ways to reduce it. The first is to cut expenses. Start by looking at your house and car because those are usually the big ones. Then start categorizing your unnecessary expenses. Do you need cable TV? An expensive cell phone? How much are you eating out? What are you spending on booze? Look at every way to save money possible and figure out how much you can cut down per month.

3) Figure out the ways you can add income: Can you get promoted? Can you get overtime? Should you leave your job for something that pays more? Can you get a second job?

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Once you have done these three things, you can make intelligent choices to get your finances in order. While you are doing that, remember that your goal IS NOT to break even, it’s to pay your bills and have money LEFT OVER. You will need that money for savings and to build up a nest egg for surprise bills.

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John Hawkins
John Hawkins created Rightwingnews.com in 2001; built it up to a top 10,000 in the world website; created a corporation with more than 20 employees to support it; created a 3.5 million person Facebook page; became one of the most popular conservative columnists in America; was published everywhere from National Review to Human Events, to Townhall, to PJ Media, to the Daily Wire, to The Hill; wrote a book 101 Things All Young Adults Should Know that was at one point top 50 in the self-help section on Amazon; did hundreds of hours as a guest on radio shows, raised $611,000 in a GoFundMe for Brett Kavanaugh’s family and has been talked about everywhere from The New York Times to Buzzfeed, to the Washington Post, to Yahoo News, to the Rush Limbaugh Show, to USA Today. After seeing the unjust way that Brett Kavanaugh was treated during his hearings and how a lifetime worth of good work was put at risk by unprovable allegations, John Hawkins decided to create a men’s website. Welcome to Brass Pills!

 

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