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Does Money Control You?

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Five Ways to Control Money

"THE LESS AMOUNT OF INCOME AN ORGANIZATION OR AN INDIVIDUAL HAS, THE MORE CAREFULLY AND WISELY FINANCIAL PLANNING MUST BE DONE." -- L. Ron Hubbard1. Spend your money according to a plan.



If you spend money as you get it, or to pay off squeaky wheels, you have no plan. You spend a few bucks here and a few bucks there until your money is gone. Instead, take control and write a financial spending plan. Decide in advance how you will spend your money.

When you plan your spending, you make better decisions. Examples: "If I buy these extra classes, I'll get a raise." "I want a new car and will set aside $60 per week until I have the full amount." "If I pay off this credit card with the minimum payments, it'll take me 23 YEARS to pay it off! I'd better pay $100 extra each month and cut the stupid thing in half!"

"Make all the money you can. Spend less than that. That's the simple ABC of financial control." – L. Ron Hubbard2. Never spend more than you make.



When planning your spending, ensure you follow the above rule. For example, "Each week I will set aside $______ for the house, 10% to education, 5% to savings, pay current bills and buy food. Anything left can be spent on fun things like movies and vacations."

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