Most people think that just because they are earning way above the average income, there is really no sense of worrying that they will fall into some kind of financial crisis. On the contrary, people who earn over the average statistical income are more prone to fall into some kind of a financial dilemma. It is because that they fees that the more money they make the less money problem they will have and this kind of thinking would usually lead them to overspend. If your monthly earning is more than enough, it would be best that you live within or more ideally below what you earn. Leaving within and/or below your means is a very ideal financial situation because it allows you to prioritize your expense. Prioritizing your expenses will most likely bring you towards building enough funds for the security and comfort of your family.

 

Stay on a Budget and Make do With What You Have

 

Staying on a pre-determined expense budget and living with what you have is the first rule in preparing for a bright financial future. Always make sure that you stay within the budget when purchasing groceries and other necessities. Avoid frequently using your CREDIT card and instead use cash to for most of your purchases. Very little liabilities on the credit card will allow you to zero them out thus making you credit card debt free. Living and making do with what you have is also a plus in preparing for you and your family’s financial future. For instance, instead of getting a new car every three years, you can probably make the upgrade every five years. These are simple things that you can do to guarantee a good financial future.

 

Save…Save…Save!!!!

 

Living within and below what you earn will guarantee a surplus amount from your income. A sizable amount of this surplus should always go to saving. Cliché as it may seem, having a sizable amount of savings will ensure that you will not be caught flat-footed in the event that an unexpected expense arises. Also this will prevent you from BORROWING money from a MONEY LENDER who may just take advantage of your financial situation.