Confronting Your Financial Reality is the First Step to Improving It

There’s no difference between a pessimist who says, ‘Oh, it’s hopeless, so don’t bother doing anything,” and an optimist who says, “Don’t bother doing anything, it’s going to turn out fine anyway.”  Either way nothing happens. -Yvon Choiuinard, rock climber, environmentalist, and founder of the outdoor clothing company Patagonia     Admiral James Stockdale was the…

Cash is an Incredibly Compelling Scoreboard

Another simple way to budget is the cash/envelope method.  If you examine your spending habits you will likely find that much of your spending is fixed.  You can’t do a lot immediately about your mortgage or rent, car payment, or basic utilities.  To quickly gain control of your budget your discretionary spending is usually the…