{"id":6609,"date":"2015-11-04T06:03:55","date_gmt":"2015-11-04T14:03:55","guid":{"rendered":"http:\/\/blog.paladinregistry.com\/?p=6609"},"modified":"2015-11-04T06:03:55","modified_gmt":"2015-11-04T14:03:55","slug":"financial-equation-dont-spend-bring-home","status":"publish","type":"post","link":"https:\/\/www.paladinregistry.com\/blog\/personal-finance\/financial-equation-dont-spend-bring-home\/","title":{"rendered":"The Financial Equation: Don\u2019t Spend More Than You Bring Home"},"content":{"rendered":"

This article title sounds so simple in theory, but it seems to be very difficult in today\u2019s day and age to effectively put into practice.\u00a0 Many people have become far too reliant on using credit to get the things that they want (notice I didn\u2019t say the things that they need \u2013 big difference<\/em>), instead of doing it the old-fashioned way:\u00a0 saving up the money<\/a><\/span><\/strong> until you have enough to spend<\/strong> (whatever it may be).\u00a0 What a novel idea, right?<\/p>\n

Often, people spend<\/strong> themselves into debt because they\u2019ve already spent<\/strong> the money before they\u2019ve earned it.\u00a0 This is financially dangerous and unhealthy (for a number of reasons), creating household money problems \u2013 which can lead to stress, arguments (unless you\u2019re single; you only have yourself to blame then!), etc.\u00a0 Living within your means should be the rule in the U.S.A., not the exception.<\/p>\n

Unfortunately, our federal government (some states also) is not a good financial role model, as our country often spends<\/strong> way more than the tax dollars collected.\u00a0 This leads to our government shutdowns (nonsensical) and complaining by both parties that the other is to blame for the mess our country is in (productive, right?) at that point in time.\u00a0 I don\u2019t want to get political, but this is an example of not taking responsibility for making tough choices on what is truly needed vs. what we want to do (I think the Rolling Stones said it best:\u00a0 You can\u2019t always get what you want<\/em>).<\/p>\n

Granted, the majority of jobs today don\u2019t quite pay what they used to in the past (sorry if you currently can\u2019t find work or are underemployed) but we all need to make a budget<\/a><\/span><\/strong> (yes, I know \u2013 the horror!) and actually live within that budget.\u00a0 Many of us need to save money instead of spending<\/strong> every dollar before we even have it in our possession.\u00a0 If you value your financial, mental, and physical health, you\u2019ll get off the \u201cspendaholic\u201d<\/strong> cycle that many of us have become way too accustomed to and learn to make ends meet with what you have.\u00a0 You owe it to your future self!<\/p>\n

Find an experienced financial advisor who regularly counsels clients on spending<\/strong> issues, works for an RIA firm, earns his\/her money from fees (NOT commissions), believes in having an abundance of investment choices for clients, and has the heart & demeanor of a teacher, NOT a salesman, and chances are you\u2019ve found the right financial advisor to help you prepare and plan for your financial goals.<\/p>\n

To learn more about Martin Federici, view his<\/strong> Paladin Registry profile<\/a><\/span><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

This article title sounds so simple in theory, but it seems to be very difficult in today\u2019s day and age to effectively put into practice.\u00a0 Many people have become far too reliant on using credit to get the things that they want (notice I didn\u2019t say the things that they need \u2013 big difference), instead of doing it the old-fashioned way:\u00a0 saving up the money until you have enough to<\/p>\n","protected":false},"author":12,"featured_media":6613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[765],"tags":[],"class_list":["post-6609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"yoast_head":"\nFinancial Equation: Don\u2019t Spend More Than You Bring Home<\/title>\n<meta name=\"description\" content=\"A financial danger and very unhealthy (for a number of reasons), people often spend themselves into debt when they are 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