Money has a way of slipping through my fingers. I’ve been known to turn up my nose at buying an expensive piece of furniture and then, over a period of a few months, end up spending the same amount of money eating out! Money can be as slippery as an eel in a swiftly moving river.
More and more I’ve come to realize that the secret to surviving an economic collapse or a personal financial crisis is twofold. First, decrease your expenses as much as possible, and second, find ways to bring in more income.
Dam those outgoing streams
If you use your debit card for most expenses, it’s easy to track where your money goes. Go to your bank’s website, log in, and scroll through two or three months worth of your banking records. No doubt your search will dig up numerous expenses that are unnecessary and even wasteful.
When I did this, I discovered we were paying $14.95 each month for some credit report service I had forgotten to cancel and that my third-grader had signed up for an expensive game on a cell phone. Both services were canceled on the spot.
Back in the days when we had cable TV, our Direct TV was scheduled to double in price, following a year at an introductory price, and I put my foot down. “This is ridiculous! I refuse to pay $100 a month for TV!” We dropped that service, bought an HD antenna, and now we have free TV, plus we don’t get 500 channels anymore with absolutely nothing worth watching! When there’s something we absolutely have to watch, we tune in to streaming services such as Hulu, Netflix, Amazon Prime, or Sling.
I’ve been surprised by how easy it is to let go of Click to see the original article