Posts filed under ‘Money Management’

5 Tried & True Steps for Getting Ahead if You are Behind on Your Bills.

When Getting Current, Cash is King.

When Getting Current, Cash is King.

1.    Know that your world will not crumble if you are behind. I cannot stress this enough, when people get behind on their bills they get scared. It feels as if the world is going to crumble if one more past due notice arrives in the mail box. Do not be scared. Walk out of your fear and into action. Do not be afraid of bill collectors or financial department representatives. They are just people and you never know what someone else is going through on the other end of the telephone line.

2.    If you can’t pay it all, pay what you can. The key to this tip is to be consistent. As soon as you can pay a little on a bill or pay a bill in its entirety do it. Even if it’s small amounts over a period of time, that is better than nothing. Sometimes companies are even willing to work with you if you are willing to work with them. Be consistent because it all adds up and sooner or later the bill will be paid in its entirety.

3.    Let go of credit accounts and amenities. Do not keep digging yourself deeper in the hole. If you are in debt because of credit accounts, close them. Even if you don’t use them, there still may be fees associated with the account that continue to increase the balance. Trim the fat in your budget by letting go of amenities like movie rental subscriptions and other such services. They are not necessities and until you are current on all your other bills they should not be a priority. Remember it’s not forever, it’s just for now.

4.    Use cash. This tip has really helped me. Using cash helps you become more conscious about spending. I began using cash to pay as many of my bills as possible. In this day in age it is more convenient to use online bill pay and other services but for me, going into the bank and paying down my credit cards or going into the wireless store to pay my phone bill helped me become a better monitor of my finances. I highly suggest this method at least for a little while until you are current.

5.    Write it out. As soon as I get my check, I make a list of everything that needs to be paid for with that check and how much I’m spending. Know where every cent is going. This will also help you determine how you are spending your money so that you can spend more wisely in the future.

It is my purpose on this planet to help you live prosperously. If you have any questions, don’t be afraid to ask by commenting below or sending an email to prosperityblogger@gmail.com

Until Next Time,
Kimmy B.

P.S. Remember, it may take time to become current again but you will see results and you are not alone! If you have no clue about how to budget I suggest The Total Money Makeover.

August 31, 2008 at 2:58 am Leave a comment

Forget Keeping Up With the Jonses, Keep Up With Yourself!

It's nice...to look at.

It's Nice... to Look At.

This blog post is really a testament to the past few weeks. I’ve been so busy I wasn’t even able to write this post last week! Keeping up with yourself is a big enough priority. Don’t worry about others; don’t worry about the Jonses., I’m going to keep this post related to financial prosperity but as usual, this principal could easily apply to other areas of your life.

Financially speaking, keeping up with the Jonses can get you into a lot of trouble. Keep up with yourself. Keep up with your own financial responsibilities. You are not the Jonses, therefore you cannot afford to live like them. Accept yourself and your situation. Love yourself and yourself and your situation. If you want more you can have more but you must bloom where you are planted. Blooming where you are planted will lead to more prosperity. If you are behind on your bills I suggest reading the proceeding blog post (it will be on top of this one).

I love you!
Kimmy B.

P.S. Repeat this affirmation: I am doing the best that I can and all that I can. Subscribe to this blog to stay motivated and inspired.

August 31, 2008 at 2:49 am Leave a comment

Worried About Debt?

Don't Exclaim, Exhale.

Don't Exclaim, Exhale.

“Worrying about debts is non-productive. You may prefer not to be in debt, but you are not going to get out of debt unless you focus your mind on creative ideas and work instead of worry.” –Creating Money

Contemplate on this. “Worrying about debt is non-productive.” Worrying about debt is not what gets you out of debt. If anything, worrying about debt hinders financial progress.

Worry in general is counterproductive. Debt is a scary thing but scary things can be faced triumphantly and bravely. Here are a few tips that I have developed for dealing with worry:

1.    If you’re worried about money, every time worry appears, think of a solution to that issue. There’s always a solution; worry often prevents one from being able to visualize the solution.
2.    Stay calm. Do something to help you relax. I love the water and find myself around it a lot these days. What is it that relaxes you? Being worried and stressed is not productive or helpful.
3.    Visualize the outcome of all your efforts to resolve your issue on a regular basis. This blog has been the inspiration of a lot of visualization for me. I look forward to its expansion and growth. What fruits of labor do you have to look forward to?
4.    Write out a plan. Knowing that there is a concrete, written solution helps ensure the truth that all is well.

Things come and happen more easily when you’re not bothered by worry. Don’t allow worry to consume you and make you lose focus. You are the best. You deserve the best. You can have the best.

Until Next Time,
Kimmy B.

P.S. Write down all the reasons you worry and then write down why those reasons are not serving you. Comment below on how you diminish you worry, it may help others. Bookmark this blog post and use it as a reference.

August 15, 2008 at 4:50 am Leave a comment

5 Ways to Save $100 a Month

Saving money is something that many of us want to do on a regular basis. You never know when you’ll need extra cash or simply want to treat yourself to something special. Either way, consciously saving money on a regular basis is a great idea that allows you to live prosperously!

Here are 5 tips to help you:

1.  Create a budget that automatically allows you to save. Having a budget is a great way to track your spending. I love my budget because I am able to budget for my needs and wants in addition to saving because I know how much I’m spending every month. I’m able to save for my business in addition to graduate school. What could you be saving for?

2.  Is that new gizmo draining your wallet? Do you really need the super-duper techie phone with the $200 phone bill? Do you watch all 200 channels on your satelite cable? Think of ways that luxuries like technology might be affecting your wallet and whether or not you really need all those bells and whistles or are actually using those bells and whistles.

3.  Do not shop hungry. When you shop hungry, everything tends to look good. Eating 5 small meals through out the day is proven to speed up your metabolism and allow you to lose wait. Even if eating 5 small meals through out the day sounds like a bit much, carry a snack with you like some nuts or a granola bar to fight those hunger pains. Have a sanck before you visit the grocery store to prevent over eating and over spending.

4.  Go Generic.I know I have certain brands that I prefer for certain things, but not everything I buy is brand name and I suggest you purchase generic brands when possible. Save that cash and put it torwards things that are really important like that trip around the world or that dance class you’ve always wanted to take. When you pass on, the last thing you’re going to be thinking about is whether or not your diswashing liquid was name brand. You may think that you have lived a fulfilled life because you’ve spent your money where it really matters. Watch the video I posted on one of last week’s post about this topic.

5. Use cash instead of credit. Using cash hurts more than credit. Also, consumers generally spend more when they use credit. I don’t advocate the use of credit because it has detrimentally affected so many people’s lives. If you budget wisely, you can get what ever it is that you need or want without going into debt.

There are several ways that you can save extra money each month. I’d love to hear what you are doing to save money. Post your comments below!

Until Next Time,

Kimmy B.

P.S. Bookmark this page and pass it along to others who might find it handy!

July 20, 2008 at 5:15 pm Leave a comment

Tell You What I Know Video

Tell you what I know: Keeping up with the Jonses is gone get you stuck. Watch this video and stay unstuck. Don’t make me come after you!

Reflect on what she said and think about how you’re spending your money.

Until Next Time, 

Kimmy B. 

P.S. What are your favorite store brands? Post your answer below and tell us why you like that brand. Bookmark this page and pass it along to your family and friends!

July 12, 2008 at 11:56 pm Leave a comment


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