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You say you know where your money goes and you do not have all written to keep up with it? We issue this challenge. Keep track of every penny you spend for a month and I do mean every penny.

You will be surprised how tiny the expenses add up. Take the total you spent on a single element for the month, multiply by 12 months in a year and multiply the result by 5 to represent 5 years.

That’s the amount that could have saved and attracted the interest within five years. That, my friend, is the same reason that we all need a budget.

If we can get control of the small expenses that really are not important to the overall scheme of our lives, we can enjoy financial success.

The little things really count. Cutting what you spend on food for five dollars a day to three dollars per day for each day in a workweek of five saves $ 10 per week … $ 40 a month … $ 480 a year … $ 2400 in five years …., plus interest.

I mean … what really is the little things and still eat every day and it was just a place to keep money in your daily life without having to do without one thing you really need. There are plenty of places to cut expenses if you look for them.

Establish a long-term specific and short-term goals. There are no wrong answers here. If it is important to you, then it’s important period.

If you want to be able to make a payment on a house, start a college fund for your children, buy a sports car, go on vacation to Aruba … nothing … then that is your goal and your reason to get a handle on your current financial situation.

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