Savings: Another Dirty Little Word

Latest news from E-File Florida

09/15/2009

 Saving money is not a matter of math. Most people will not save money when they get that next pay raise, or when the car is finally paid off. They will not follow through with their New Year's resolutions to save. Most will not save when the kids are grown. The truth is, you will only save money when it becomes an emotional priority to YOU!

We all know that we need to be saving, but most people just don't save like they know they need to. Why not? Usually, there are competing short term wants that get in the way. The goal to save isn't enough of a priority in the face of ordering out for pizza, or getting the latest techno-gadget. So, we purchase and consume all of our dollars away and worse, spend money we don't even have and go into debt.

Debt means monthly payments that control our paychecks and our future. Debt causes us to constantly be in a state of financial panic. Debt causes incredible undue stress on relationships and families.Do you really want to continue on that road?

Most people readily say that they would love it if they had 3 months, 6 months or even a year's worth of salary as financial reserve in the bank. But few attain that worthy goal. Not because they can't, but because they won't make it a priority to SAVE and not overspend.

I spoke about it in my last  post...that other Dirty Little Word called a budget. I can't stress enough how important it is to set yourself up on a budget. It really DOES NOT MATTER how little or how much you make. When you pre-determine how you will spend your earnings by thoughtful planning, budgeting and debt elimination, you will begin to be on the road to financial well-being.

I highly recommend Mvelopes as a budgeting tool to get you on the road to financial heath. Go to my website at and click on the link at the bottom of the page for a free 14 day test drive. Plug in to the tutorials. Listen to and watch them. Learn how easy it is to use this tool. It really is a user friendly program.

Being on a budget will finally give YOU control over your finances and your future, financially speaking. It will SAVE you thousands and thousands of dollars. It will enable you to begin SAVING! Ultimately, it will give you choices to enjoy life. Isn't that what we all want?

E-File Florida is interested in helping you achieve financial wellness. We are uniquely positioned to help you achieve this goal by offering guidance in tax planning, real estate and personal budgeting.You can contact E-File Florida at  or visit us on the Internet at for more great tax tips and articles.

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