Here’s another illustration of how important it is to understand that
borrowing decisions made today can affect what happens to our money
over time.
If a mortgage of $134,000 at 7.5 percent interest
on a 30-year amortization has a payment of $936.95 per month and is now
three years old, what is the balance owed?
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Of course being in the habit of saving is always important. But where we choose to save is even more important. 
The
whole push for average consumers to jump on the 401(k) bandwagon (where
they do not control the investment process and have trouble even
controlling their spending let alone playing complex financial games on
the stock market) is questionable in my book.
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Money is emotional, not mathematical.
Most people don’t understand this. They think that getting
in control financially comes from making more money — in other words,
adding dollars on top of dollars — like math.
But this isn’t
so. Money is an issue of the mind and because it is, it must be
handled carefully using a system, otherwise our finances get completely
out of control and instead of us leading our money around making it do
what we want, we are pushed around by our finances.
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 You're in debt and have been following the advice of so called "experts" for years in an attempt to get out of it, but you can't figure out why you're not successful, right?
With a plethora of advice out there about how to do it, why are consumers still struggling to get out?
I just finished reading a personal finance blog and was annoyed with the "same old" advice passed around about the supposed ways to get out of debt.
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So many people go about spending money the wrong way.
That’s
because when they get paid, the money is put into their checking
account and they pay out monthly expenses from there. And what happens
after expenses are paid? The money’s usually gone, right? Nothing
left for savings…any “extra” money gets frittered away because it’s in
a place that is meant to be spent out of — a checking account.
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We all know how to spend money, but few know how to spend money with the future in mind.
So can you afford the new big screen TV?
The only way to determine that is through the "Spending Decision."
Any time you spend money, think of anything you’ve spent money for, when you made that decision you had to:
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