Make this the decade you take control of your finances

While my husband found a job a few months later, it paid a lower salary. I started to work as a freelancer with an erratic income. We did not adjust our lifestyle or spending habits and found ourselves in debt, living on a bank overdraft.When I swiped my bank card, it worked, so I never really worried about spending money I didn’t have. It took us some time to realise the implications of our financial situation. This was a turning point in my life. I decided then to take control of our money.

Fifteen years later, we have no debt other than our mortgage and we are on track to achieve our goal of financial independence by the age of 55.That said, keeping track of my spending and priorities is something I still have to work on regularly.Although we no longer need to do a budget each month, we do check in every three months or so because the discipline always starts to slip. Financial discipline, like physical health, requires constant work.

Source: Loan Digest (loandigest.net)

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