Are You a Slave or Freeman?

If you have any debts, you are a slave to that company. Think about it. You are working to earn money to pay your bills. For each bill you have, you are basically working for them. You cable bill $100, you are a slave for Comcast. Your car loan is $300 per month, you are a slave to your bank. The way you break the chains is to pay off all your debts and start paying yourself. Pay your self by saving your money, investing your money, and wisely spending money you have. Slave or free man...your choice...

You know you are spending too much when...

You know you are spending too much when you have to borrow to pay other debts...
You know you are spending too much when you cannot even make all the minumum payments on your credit cards...
You know you are spending too much when you eat out more than you eat in...
You know you are spending too much when your car payment is greater than your rent or mortgage...
You know you are spending too much when your bar tab exceeds the amount you saved from your last paycheck...

Remember, there is no shame in having debt if you are paying it back with the intention of paying it off as quickly as possible. Americans are saving less now that ever before. It is important that we as a nation put more emphasis on sound financial planning. The more of our fellow citizens that our financially fit, the better off the country will be as a whole.