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Who’s To Blame for Your Money Troubles?

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A reader sent me a link to the following article by Liz Pulliam Weston on MSN, ” Money Trouble? It’s Your Own Fault.” The overall tone of the piece is on the negative side, and reminded me of someone giving “tough love.” I thought it was noteworthy to discuss some portions of the article.

“Here’s the thing, though: Reasons have expiration dates. Rely on them too long and they harden into excuses.”

I think probably a lot of us can give reasons as to why our debt is so high. For us,

– We live in an area where are very few good paying jobs.
– We could not find employment that utilizes our college degrees.
– We weren’t making enough money.
– Etc, etc, etc.

See how many negatives are up there? We did not…we weren’t…very few. Being negative seems to attract more negativity. Once I stopped giving reasons for our debt and started concentrating on the solutions things started to happen. I switched that negative energy into positive energy.

Now I am saying things like

– We are going to get a good paying jobs that have benefits.
– We are going to make it financially with where we live now.
– We are going to make enough money.

The debt is still there, but instead I am trying to focus on the positive things that will assist us with reducing our debt. If you noticed, I said I am “trying to” focus. I have my down days where I start thinking negative thoughts. But once I catch myself in that mood I try to turn things around as soon as I can.

“There’s certainly plenty of blame to go around. But if that’s as far as you get, you’ll never get ahead.”

Again, blaming something on someone will not get you very far. It’s all negative energy that you should be placing on rectifying the problem. I can easily blame the college for allowing credit card application booths on campus. If I didn’t get that candy bar for signing up for a credit card, I may not have been so far in debt today. But if I hold anger and blame for the college, I’m not doing anything productive towards reducing our debt.

The last section of the article has an exercise that you can work through. If you are having a hard time handling your money problems emotionally, I would recommend going through the exercise. Face your emotions head-on, then move on.

Welcome Visitors From the Get Real Girls Radio Show!

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Now that my heart rate has slowed down a bit (LOL), I’d like to welcome those stopping by after listening to me on the radio on the Get Real Girls Radio Show! I was super nervous about being interviewed live on the radio, but I am so glad I did it because it was great talking to Liv, Colleen and Julie! Liv told me it would be like talking to a group of girlfriends and it was! It felt so nice to chat like that 🙂

I thought I’d give you a few tidbits about my site:

1.) I post monthly where my money went, and share what we are doing to try to keep our spending down.

2.) I post monthly how much we make. We currently make around $36,000/year (because my husband is currently out of work). I am always trying to bring in more income so our income does fluctuate month to month.

3.) I post almost every day and usually it is personal finance related.

4.) You can bookmark this site to keep updated, or if you have a feed reader you can Subcribe to my Full Feed. If you have an email address, you can also Subscribe via Email. Every day that I post you will receive one email with the posts that I wrote for that day. For more information about subscribing and what it means, click here.

5.) I love comments and I love the interaction I have with my readers. Don’t be shy, feel free to leave a comment or contact me via email.

As for where to start, here’s something I wrote that highlights some of my more helpful/interesting posts of 2006.

A Reflective Look Back at 2006 – Goodbye to $13,000 of our Debt

Or, feel free to browse around by month or category archives (which can be found on the right hand side). Since this is a blog, the most recent entries are here on the main page and the earliest posts are found by going to the archives.

Thank you for stopping by, and feel free to stick around for a while 🙂