One of the main tasked in life is the use and control of money. Money is used in many ways to purchase ones necessities and satisfaction. Some ways this is done is through the purchase of a new car, dining out or going to the movies. Unfortunately, there are many who have a difficult time maintaining their pocket book and fall prey to debt. And this is the issue at hand, that some are financially bound by misuse of money and it has become out of control.
Today, society has allowed their spending to get out of hand. Credit card debt and car loans have over powered pay checks and it has become a cycle of high interest payments and continued purchase of consumer goods. To compound this issue, those in serious debt are not saving enough.
One solution to this major problem is through the disciplined control of ones finances. Money itself is a medium through which things are purchased. For example, a blank ledger can carry records of ones financial spending and each entry is a manifestation of the money used. This manifestation that is recorded on the ledger must be controlled to reflect ones discipline. This is done through a detailed plan. A plan is important so that one knows where the money is going to what purchases. This is the big picture of ones finances. Having a grand scheme and design is a necessity for anyone who is trying to regain control of ones finances. In this, there must be goals in place to guide ones financial decisions. Some goals may be like the purchase of a new house or solar panels to lower electrical bills. When there is a big picture, one can navigate through any unexpected events and decisions are much easier to make. In addition to this, a long range plan is needed to further ones interests. Setting a schedule of a desired savings amount can become the driving force to refrain or postponing purchases of consumer goods. An example of this is a long range plan of buying a house and the amount that is needed for a down payment. With this plan in place one can be comfortable in knowing that what sort of spending one can make. One more note on long range planning is that it must be measurable. Time increment is one good way of keeping track of ones financial progress. Another thing that is needed in the use and control of money is a budget. Knowing how much one has to spend is important. A great way to do this is by taking some time to evaluate each spending and determining if it is essential to the function of ones life.
The point of this discussion of the control of money is not to limit ones spending but in the freedom of purchasing what one desires with their money. It is the power to allocate ones finances where one chooses and at any price. Like mentioned before, money is a medium and can manifest itself in any way. It is up to the individual to manifest it according to ones determination. With control of money, anyone can use it in any way and in any amount to reach ones satisfaction. A person is not bound by money, the money is bound to the person.