Jay Perea

Consultant, Small Business Owner, and Editor in Lytton Springs, TX

Read my blog

If you find that you spend 100% of your paycheck, find a way to cut back on items that are not needed for daily living. For instance, do not try eliminating dining out completely.

Make sure that you keep track money to follow expenses.

Do not let your financial mistakes; learn from them instead. If you were buried under a mountain of consumer debt, use that as an incentive to avoid opening up additional credit cards. If you have sold your time for far less than its value in the past, it might be time to get a new job or acquire some better financial management skills. When dealing with your money situation, any mistake that has been made can be turned into a valuable learning experience.