Do you tend to overspend? You're not alone! 42-63% of Americans overspend. Learn the benefits of tracking your budget and how it can help you reach your financial goals.
Hello, welcome to Arista Advice. Question of the week is "Paul, what are the benefits of tracking your budget?"
Overspending, or spending more than you earn, is a sure path to financial destruction. Dependent upon what survey statistics you've read anywhere between 42 and 63% of Americans are overspending. Here are some signs of overspending:
Number one: You're always carrying a balance on your credit card.
Number two: The outstanding balances are increasing on your credit cards.
Numbers three: Loss of sleep due to worrying about your bills, your credit card, and due dates on your credit cards.
Number four: Tension in your marriage due to financial stress.
These are real concerns that are facing the average American in this country. We have wonderful clients that make one to two million dollars a year, and clients that make $500 or $1,000 a week. No matter where you are in the income spectrum, you need to have a control on your spending and on your budget.
So please give us a call. Hope you're well. Go to AristaWealth.com, and look at tools, tips, and videos.