It could be your first day here from another planet, and you could already get the impression that todays times are little tougher on people than they might normally be. Before, people would spend freely and would go out and drop 40 bucks easy on a night out. Now, people are scrutinizing everything they spend on and whether or not it can be expendible. Maybe, this crash is really what we all needed, I personally had never even made up a budget before in my 6 years of having my own money, but now don't know what I would do with out it. It simple things like a budget that really train you to spend within your means.
It does bring some harsh realities though, and that is, you are not making the kind of money for the lifestyle you are used to. But, it allows you to really pinpoint what your priorities are and what you are planning for in your future. This recession has humbled and matured all of us a little bit and I think we have all walked away with a little different outlook on life. So, now that you realize a budget is a must, what do you do with all of this extra money you are spending? The first thing you do, is pay of any outstanding debt you owe. It is costing you each and every month you put it off so get it done today if you can. It is then and only then that you are in a true position to invest your money. There are many options once you get to that point, but let us all working on getting to ground level before we can even consider those options, even if it means getting another job to get you there.
