Believe It or Not, Money Is Addicting

How to stop spending too much money!

To protect those who spend more than they are - not just stop cold turkey, as well as your diet, you are trying to plateau and then decline.

Believe it or not, money is addicting - I think the drug is quite simple - you spend a lot, because it makes you feel important, and you get a lot of things in return (ie good food, nice clothes, nice cars, etc.) So, remember that you you can not approach it just like a bad habit - he is going to be difficult BREAK (Yes, you fail a few times on his way to success - but do not give up). Many of North America's net worth is not (it is worth talking about) - we have to change it!

Anyway - here are the basic steps to stop over-spending:

1) Stop over-spending growth

If you spend more and more each month (which can be easily observed if you watch your debt increases each month) - the first target, to prevent over-spending growth.

2) After you have done this for a month or two, to start reducing how much you spend per month (but not get so strenuous that you exhaust your head and go to expensive cost-binge).

3) Finally, you get to a life of its own means, but do not stop - keep going. Eventually you will have some savings and be able to sleep at night.

Now, since this is such a sensitive topic - I want to tell you about a man who was down and out and made it out of debt history. This is a true story from the book "Richest Man in Babylon". There was a man who was a debt! He owes money to everybody - no one wanted to extend him any more credit. He came to see the local money lender, who gave him a very simple formula for success:

Here is the formula:

10% of their income should be allocated to personal savings / investment.

70% of their income should be allocated to rental / mortgage payments, taxes, clothing, food, entertainment, etc.

20% of their income should be allocated to service the unsecured debts, ie credit cards, car payments, etc.

Note: The Richest Man in Babylon makes it possible that people do not deviate from that formula all the time, of course, if you do not have unsecured debt will have to change it a little. It is also worth noting that to try and save a significant amount of its income and leisure at the expense of the whole system because it is a long-term plan, and no one can be expected to enjoy the accumulation of very long life.