Are you willing to control your financial behavior in order to achieve financial gain?
- Yes; I'm willing to eat out less often, cancel my unlimited video rentals account, cut back on my cell phone data plan, and take control of my financial life. But most of all, I want to know how much I'm really spending on "stuff." Especially stuff like late fees and credit card interest.
- Why? I want to know where my money is going so I can determine the relative costs and benefits realized by each expense. I want to determine the scope of our spending problems with respect to all of my other expenses. I want to have a rational basis for improving my financial life.
- Why? Because I've done everything I can to increase my income and, short of working two jobs or winning the lottery, I'm out of ideas. I've asked my family to cut back on expenses, but I have no way to measure their efforts. In short, I want to stop wasting our limited supply of money.
- Why? Because other financial goals that I have aren't being realized. My 401(k) isn't where it needs to be. Our emergency savings account is a joke. The college savings account isn't even growing fast enough to get Junior through Junior College. We haven't been on a vacation since we got married. But most of all, I'm sick of living paycheck to paycheck.
- Why? Because I haven't decided to make my financial future a priority. I've let things go uncontrolled because it was easy. I keep thinking "next year will be better," but it never is! I'm old enough to recognize that, if I don't act soon, I won't have any options in the future and that scares me.
- Why? Because I want to retire early and spend time with my family. I want to work less and play more. I want to know that if I die, my family will be taken care of. I'm sick of worrying that the car will break down at any minute. I'm tired of worrying about events I can't control -- I want peace of mind.