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A few years ago, a participant in a debt-free support group I use to have was 23 years old, $50,000 in debt, scared, and living with a lot of fear and shame.  Bad choices with her money had left her weary and without hope.  After completing my 12 week support group that walked her through the process to eliminate debt, she was amazed how far she had come in a short period of time.  When I asked how the support group changed her life she answered, "I had lived my whole life spending my money as if I didn't have a future, but now I can start living like I have one."  

What about you, have you been living like you don't have a future?  Have you put off saving because you don't know where to start? How long will you make excuses?  I have probably heard every excuse there is.  I don't make enough money. I want to enjoy today, because I could die tomorrow.  I'll save when I'm older.  Please don't let your situation or circumstance stop you from saving and planning ahead.  Even if you currently have debt, you can start preparing for your future now.  

Here are a few suggestions to get you started:
• Distinguish between your needs and wants
• Identify waste in your spending, and make some changes
• Track your money on a daily basis to see where it goes
• Have a spending plan for incoming and outgoing money
• Save a set amount each month consistently
• Use automatic deposit to save each month
• Pretend your savings doesn't exist—don't touch it!

Start out by saving a small amount, but be consistent.  Saving just $25 a week turns into $1300 in a year, $13,000 in ten years, and that's without adding interest.  It might not seem like a whole lot, but it's more than you had yesterday.

Don't let debt rob you of your future! Make a decision today to change your mind, habits, and spending, and start saving.  Bottom line: start saving like you have a future, because you do!

Sharman Lawson a columnist on Fabulously40, and a financial coach, speaker, and author of the book 12 Steps to Eliminate Debt Forever! Visit her website: [Link Removed]


Sharmanl, Your links have been removed, please consider upgrading to premium membership.



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