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What we weren't taught at school .....MONEY...
23/02/10
What we weren't taught at school .....MONEY...
Hi again!
Remember when we talked about the problem with our education system is that it never thought about teaching us about the one thing that every single one of us is guaranteed to deal with each and every day of our lives ??
Money (Management & Budgeting)…
Just like budgeting your time, you need to budget your money also. Ever since we were young, we have been taught the importance and value of money, either directly or indirectly. But never taught how to manage it – we simply just learned our money management habits off our parents… and guess where they learnt it from? Their Parents !
Having good money sense in terms of handling your finances well with a good financial plan will help you a lot in empowering your financial life.
The Financial Web recently wrote, the first and most important step to effective financial planning is developing and implementing a spending plan. That, of course, sounds easy and even simplistic. But if it were so easy, do you think that so many millions of people would be as deeply in debt as they are? In its simplest form, budgeting simply means to live within one’s financial means. This is in sharp contrast to the prevailing lifestyle of “living beyond your means”. And how do you live beyond your means? Well if you have credit card debt then you have lived beyond your means…The tool, of course, is using credit cards. All your credit card debt says is “I’ve spent $x more than I’ve earned.”
CHALLENGE #1 – DOCUMENT YOUR SPENDING PLAN
As a bonus we have included your own spending plan to accurately track the flow of money in and out of your pockets. Just think about how much you earn per year and for how many years you’ve worked and you’ll be startled about how many dollars have flowed through your hands.
Please goto www.crownlending.com.au/spending-Plan.htm to complete a new Spending Plan online – this will email it to me directly!
If you need help, don’t hesitate to get in touch with our financial consultants at Scott@CrownLending.com.au
We look forward to hearing how you go!
Kind regards,
Scott Parry
CROWN LENDING - Founder
1300 882 981
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Hi again!
Remember when we talked about the problem with our education system is that it never thought about teaching us about the one thing that every single one of us is guaranteed to deal with each and every day of our lives ??
Money (Management & Budgeting)…
Just like budgeting your time, you need to budget your money also. Ever since we were young, we have been taught the importance and value of money, either directly or indirectly. But never taught how to manage it – we simply just learned our money management habits off our parents… and guess where they learnt it from? Their Parents !
Having good money sense in terms of handling your finances well with a good financial plan will help you a lot in empowering your financial life.
The Financial Web recently wrote, the first and most important step to effective financial planning is developing and implementing a spending plan. That, of course, sounds easy and even simplistic. But if it were so easy, do you think that so many millions of people would be as deeply in debt as they are? In its simplest form, budgeting simply means to live within one’s financial means. This is in sharp contrast to the prevailing lifestyle of “living beyond your means”. And how do you live beyond your means? Well if you have credit card debt then you have lived beyond your means…The tool, of course, is using credit cards. All your credit card debt says is “I’ve spent $x more than I’ve earned.”
CHALLENGE #1 – DOCUMENT YOUR SPENDING PLAN
As a bonus we have included your own spending plan to accurately track the flow of money in and out of your pockets. Just think about how much you earn per year and for how many years you’ve worked and you’ll be startled about how many dollars have flowed through your hands.
Please goto www.crownlending.com.au/spending-Plan.htm to complete a new Spending Plan online – this will email it to me directly!
If you need help, don’t hesitate to get in touch with our financial consultants at Scott@CrownLending.com.au
We look forward to hearing how you go!
Kind regards,
Scott Parry
CROWN LENDING - Founder
1300 882 981
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