Spend what you have. « Beating Debt News

Spend what you have. February 10, 2008

Posted by BDO in Money Spent, Multimedia.
Tags: Debt, money, spend
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This is another great classic video on some usually overlooked wisdom. And the best part of this video is that it teaches the wisdom in a contemporary and humorous way. If we are committed to beating debt, we must understand this first concept; we must only spend what we have. When we spend more than we are given by our sources of income problems arise and we enter into our bondage.

To be able to beat debt, we must balance our finances to spend what we are given in 4 categories. We have to learn to give a little, save a little, pay some our debt down, and spend a little. Once we master our finances to have each of those categories to balance with our income received, we will be set for a good race to beat debt. If we are not training in that direction, our finances will be lopsided and we will not race as lean and as fast.

Try it. Ensure the money received minus the money spent comes to zero and not a negative number.