MONEY MATH

Having more month at the end of the money is a classic joke that happens to a lot of us about every 21 days. Why? Bad money habits. Few role models.

The ratio, of proper money division, is still in debate. …

Generally though, if you're not talking to a source with a vested interest, the 'formula' is
more or less:

• 10% savings

• 10% tithing

• 10 % debt reduction

• 70% living expenses

Ya, right! How the heck does a person make that work?

It is true that most people who have leftover month, get motivated to correct their money habits when their financial picture is already less than ideal.

Having started out as a young adult with no money skills, and an abundance of social messages to spend, spend, spend, money issues get quickly out of balance.

The cash, credit and debt crisis forces people into desperate grasping for quick fixes. Mostly, there are none. Sometimes though, in money desperation there are moments of clarity and a genuine search for lasting solutions. Taking personal responsibility is the first step.

Meeting the consequences of bad money decisions is definately grueling in the beginning. Depending on how mud chaos has been created, it can take a really long time to dig out. Thing is — it will take longer, the deeper the problem. Best to get started learning good money skills, sooner than later.