How Tired Are You of Hearing About the Financial Fiscal Cliff?

I know that I cannot be the only one sick and tired of hearing the broadcast reporters and reading the constant headlines about whether or not the country is going over the “Fiscal Cliff”. Regardless of your political affiliation, Republican, Democrat, Independent or Undecided, you probably can relate to me when I yell at the screen and say to them “Stop pointing fingers, placing blame, go to work for the American people!” 90 days ago, you could not have convinced me that our politicians would sit back and let this issue go up until the wire and into the new year. The reality today is that they have done just that and seem to be in no hurry to fix the problem that was predicted long ago.

I see this as a blatant reminder that individuals need to know now more than ever that there is no bail out plan from the capital that will save you. You have to save yourself. You have to be financially secure in order to insulate yourself from the political whims of government leaders. They are spending more and more of our money each year, much of it irresponsibly. And have the audacity to campaign and fight for the privilege of taxing us more in coming years than in the past. Do not misunderstand me, I am well aware that the US cannot dig its way out of the current financial pit by merely cutting spending, so I know that taxes as a revenue source must rise. My issue is the level of irresponsible spending that has taken place with no plans to curb waste.

So back to you individually. Now is the time to get your finances in order. Get rid of debt. Control your spending. Put money aside to be prepared for short term emergencies. Stop paying interest rates to other people (car loans, credit cards, lines of credit) and start earning money on your money (savings, investments, business lines, real estate, stocks, bonds, mutual funds). Be your own Bailout – because don’t trust that anyone else is coming.

Besides – my momma always taught me that there is no such thing as a free lunch.

Holiday countdown! 5 Days to Christmas!

Can you believe it?!  It’s practically here.  Most of us planned to make this be the first year that we finished our shopping early and refuse to go into debt over the holiday madness.  The question is how many were able to stick to the commitment that we made to ourselves months ago?  If you started shopping early, then congratulations to you because you probably saved money on the gifts that you bought weeks ago.  And if you shopped only with cash and no credit, then you are a rock star!  Because you can wrap up the holiday without having it follow you into the new year with high interest rates and lower credit scores.  If you cannot take credit for either of these accomplishments then know that you are not alone, and we have work to do.

Let’s commit to do better.  We will take one Bite Sized Piece at a time to financial freedom.  Come and go with me.

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