Balancing My Finance
America is, today facing a very disturbing duality," Spend and Save". No one can escape advertising on TV, in the World Wide Web, in movies etc. Because our economy relies so strongly on consumption, we are usually buying more than we need. According to studies, the more money a family makes, the more they spend. Yearly spending exceeds saving by a very wide margin. Every time we are making a big purchase, we always use our credit card with the thought that we will pay it as soon as we get the bill. By the time we get the bill, other obligation stop us from paying it in full. After a few big purchases, we accumulate so much debt that we either have to seek a second job or file for bankruptcy. To avoid that nightmare, I apply a very effective method of balance: buy only what is needed and enjoy life within reachable means. To me, we have as much a moral obligation to fulfill our needs, as it is to save for a better future.Bad financial management usually creates shameful and difficult situation. Five years ago, I create a program with my wife to keep our budget under control. In that program we both agree that our total monthly spending should never exceed seventy percent of our total monthly income. Housing,
Financial planning is a key to achieving any goals. Because money is so important in our life, being financially successful is a very important tool in our life. To live a decent life, we need to have a lot of confidence and control in our finance. Everything in life has a price and sometimes we can't even get medical treatment without an insurance card or strong bank account. Lack of financial discipline is one of the worse problems for the middle class family today. Some credit cards companies will not only send you a card but some advertisement along with the card to stimulate you to buy. It's even hard sometimes to reject them because the offer look so good, some of them don't even want to allow you enough time to think about your move. As long as everyone is buying, the economy is moving. Any family who has control of their finance can do just about anything, however the minute that same family gets behind on their monthly obligations, all financial institution just refuse to deal with them. To buy a house today, financial institutions rely on credit rating to determine if the creditor is credible or not. Credit rating is based on amount owned, income and payment history. Any little negligence in finance
Some common words found in the essay are:
Wide Web, Finance America, Spend Save, credit card, credit cards, purchase credit card, credit rating, total monthly, control finance, pay soon, purchase credit, financial discipline, monthly earning,
Approximate Word count = 821
Approximate Pages = 3 (250 words per page double spaced)
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