March 10, 2010
I trust you are thriving as a result of putting these practical money principles you have been learning into practice. If not, NOW is the time to take action. Now is the time to save money, get debt free and live!
Steadfastly focus on your financial goals.
Be sure you take advantage of the great downloads in the Financial Freedom Resource Center while available.
The password came in your welcome email when you subscribed. If you have forgotten it, hit reply and let me know. I will get right back to you with it.
Enjoy and keep sending in those questions as I love to help!
Helping you to learn, earn, and serve,
David Kimball
| Money Saving Quick Tip |
When Getting Rid of Debt, the Right Mindset is Key
When you have quite a bit of debt, it is easy to get overwhelmed. If your debt has gone to collections or you have overdue payments, you may be receiving multiple phone calls per day from people demanding money. You may find that you don't have the money to do things with your friend when you'd like, or to buy the things you want. If you have a severe income problem, you may even have trouble affording basic necessities. No wonder you are overwhelmed!
However, mindset is the key to breaking debt's stronghold on your life. If you do not believe you CAN get out of debt, there is no reason to work to do so. Motivation is extremely important.
Set a goal of being out of debt by a certain date, and begin to work towards that goal with everything you have. Before you know it, you will start to see some improvement in your situation.
Watch this hilarious video for getting the right mindset.
| Digging Deeper |
Personal Budget Categories
by David Kimball
Effectively using personal budget categories will give you creative ways to save money around the home. A category is a name given to a certain type of spending, such as food, clothing, housing, entertainment, etc.
When using the envelope budget system, each envelope is its own category. When using a written (or computerized) budget spreadsheet, however, your categories are put on a list to be easily referenced.
| Financial Freedom Radio |
With each episode, you are going to learn how to save money, get out of debt and live financially free with effective strategies, inspiring you to learn, earn, and serve.
In this 2nd episode,
- You will learn about budgeting categories. What they are and why you need them.
- Some great money saving tips.
- Your budgeting questions and answers.
Download this episode now at the Financial Freedom Radio Podcast download page.
| A Little Perspective |
If you would know the value of money, go and try to borrow some. Benjamin Franklin
Go to the ant, thou sluggard; consider her ways, and be wise: Which having no guide, overseer, or ruler, Provideth her meat in the summer, and gathereth her food in the harvest. Proverbs 6:6-8
| Personal Financial Coaching |
It is my passion to help families prioritize now to make sure that one parent can stay at home. If diligent, you can be debt-free in 24 months or less without buying insurance, investments or magic software. This is advice you can trust because I do not sell any of these things.
If you are interested in some one-on-one personal financial coaching or someone to speak at your next event, shoot me an email or give me a call at (209) 622-3299.
| Newsletter Management |