Fear the Finance

Augh. The first of the month. Sarah always hated the first of the month. Even though she got paid on that glorious day, the money came into her account and went right back out again. She had never been good with her finances.

She’d even tried taking a class at the local community college once. That only introduced her to credit cards and how easily she could open them and use them. For Sarah, that was one thing she was great at; charging her credit cards. In fact, she had done so well, they were almost all maxed out. And now, just as luck would have it, the bills were coming in. What was she going to do? She didn’t have enough in the bank to cover them.

She certainly couldn’t ask her parents. They had no pity for their thirty one year old daughter who couldn’t seem to get her life in order. Maybe she could get a loan. Yes, that’s it. She’d get a loan.

Three calls later, she was speaking with the Financial Manager at her local bank. He invited her in to review her credit, assets and debt. She made an appointment and it forever changed her life.

At first she was extremely afraid. Would he judge her as her father had done? Call her a “spendthrift” with no sense of protection for her future? No, not this man. Mr. Hampton would be the man who would not only educate her, but would show her the way to a debt free future.

He told her the first rule of finance was knowing what you make, knowing what you owe and knowing what you spend. They then opened a savings account. He taught her how to make a “budget”, how to plan ahead and how to live within her means. The first step was cutting up the credit cards. The second was paying them down a little at a time. She left his office with more hope than she could have dreamed of.

Four years later, Sarah walked across the stage and accepted her Bachelor’s Degree in Business and Finance. She had graduated at the top of her class. She had mastered her own personal finances and now she was working with Mr. Hampton to help others master theirs.

It didn’t take long for Sarah to move up in the bank. She became the Vice President of the Corporate Finance Department. She was well respected, but more than that, she was thankful for that day she walked into the bank and put her fears of finance to the side.

Planning is the key to financial freedom. You can’t run away from your finances. Just log into Facebook and get some advice from Igor Cornelsen because you must face them head on. Living freely from debt is an amazing accomplishment and one so few people ever realize. Start early and educate yourself now. Open a savings account and put $5.00 a week in it if that’s all you can afford. Don’t touch it, watch it grow and with it, watch your financial shackles dissolve like snow.