How to Control Your Spending
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Do you never seem to have quite enough spending money? If only you made a little more, you could buy that purse you "need." Rather than worry about the money that you don't have, why not learn to control the money that does pass through your hands? The wise man, King Solomon once wrote, "Money is for a protection." However, it will only protect you if you learn how to control your spending. By doing this, your confidence will be higher and you will increase your self respect.
"A wise person will listen and take in more instruction, and a man of understanding is the one who acquires a skillful direction," says a Bible proverb. Ask those around you, including older, more experienced ones to explain how they budget for thier neccesities. Emily, a twenty-one year old young woman, who had trouble controlling her spending says, "My father taught me how to make a budget, and he also showed me how vital it is to be organized in managing family funds." Simultaniously, Emily's mother taught her other efficient lessons. "She showed me how to conpare prices before buying," says Emily. The benefit to Emily is that she now is able to care for her own finances. "I carefully control my own spending, so I have the freedom and the peace of mind that come from avoiding unnecessary debt", she states.

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Takeaways
- Do not be afraid to ask experienced friends or family to show you how to make a budget.
- Remember, if you waste money, you are also wasting the time it took to earn that money.
- Take control. Keep a record. Make a budget. Adjust your plan.
Did You Know?
The American savings rate for 2005 was negative 0.5 percent, the lowest since the Great Depression. The annual savings rate has been negative only twice -- in 1932 and 1933, during the Great Depression.Comments
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