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LGLWSM Newsletter 041 - Facing Financial Challenges in the New Year
December 31, 2010

Many of us are facing financial challenges in the new year. With high employment rates and many of us working for less pay, who isn’t stressed? One of the problems is the same stuff you could buy last year costs much more to buy this year! Prices have not finished rising either. For evidence of that, just look at the price of gas right now!

Hold onto your hats! There’s bound to be stormy weather ahead!

In times like these, stretching the money you do have and learning to make do with less, seems to be the protocol. Of course, the extreme cold weather isn’t helping any. Energy costs are skyrocketing because of the high demand and the availability. Price gouging is bound to show up soon, if its not already here!

So, what do you do? How do you get by? Here are a few of my thoughts that I jotted down over Christmas. In early December, I lost my ‘other home job’ and with it, half my income... so this subject has been hard on my mind! I don’t know about you, but I will be very glad to kiss 2010 goodbye. It’s been a heck of a year for me personally!

Facing Financial Challenges

  • The most important thing you can do when money is tight is to keep track of the money you do have. You’ve got to know what money you have coming in and going out. That’s the first step! If you don’t have one already (and you should), a budget will help you keep up with everything, which includes a list of bills that you must pay every month. Also keep a list of bills that you pay annually or biannually.

  • It’s not the most fun in the world but to keep money tight in your wallet, stay home more. If your home is not your castle, think of simple ways you can make it more pleasurable to be there. Reading books is a great way to pass the time or watching movies you already own but haven’t seen for a while. Listening to music is always a great way to pass time or invest in a hobby you’ve always wanted to try but never had the opportunity. Another bonus is that you’ll also be saving money by having to fix your own meals at home! Home cooked meals are always healthier anyway!

  • To be more equipped to take on the stress of financial problems, you’ll need to stay as healthy as you can. Keep taking your antioxidants daily and get the exercise you need and your body deserves. Take brisk walks around the block or exercise in your own living room.

  • If you’ve lost your job, keep looking for another one. You must stay motivated! Ask friends and former coworkers for their help and keep up your social networking. Jobs don’t just fall in your lap. You must seek them out.

    Problems are always there. You just can’t get rid of them completely. Don’t make them worse than they already are. Learn to see the glass as half full instead of half empty. Think positively about the challenges you face. If you try something and it doesn’t work, try something else. Rome wasn’t built in a day so remember to keep your chin up and look forward to better days ahead. If you have extra time on your hands, take advantage of it. Do something productive that makes you feel good about being you!

    Cheers to 2011! Happy New Year Everyone!

    Happy New Year image

    Until Next Time!

    Stay Sweet and Be Beautiful!


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