I Make a Good Income
Do you make a good income but feel like your spending is out of control? Are you surprised that despite having a good job, you consistently feel like you're spending more than what's available?
First, let's identify one of the problems. Credit Cards. Yes, in today's world of instantaneous electronic payments and impulse buying at the click of a smartphone, credit cards are a primary reason why your spending may be out of control. But why?
Credit cards are where the rubber doesn't meet the road. That is because your credit card limit is typically higher than whatever your monthly income is. While you may have a general idea of how much you think you can spend, it can be surprising how quickly the $100 or $200 purchases add up to thousands. If you have a spouse who uses the same card, multiply times two. Put two people spending indepdently into the mix and it's not hard to see how spending can grow, seemingly on it's own.
Is there a better way? Thankfully the answer is YES. You establish a set amount that you can spend before hand and then spend until the money runs out and no more. Easier said than done, right? Here is how you do it.