Financial Health: Response-abilityThe first step to financial success is financial responsibility. By taking stock of one's monthly expenses and sorting through them for wasteful expenditures, we can often begin to make a positive change in our financial status. To take care of unnecessary financial drains, look for expenditures that are not providing you with value for your money. For example, if you have cable TV with all the bells and whistles, ask yourself if you really need the special movie channels. Do you use them enough to warrant the cost? Do you need all the features you have with your telephone service? Do you really read and enjoy the newspapers and magazines you buy? Once you do your personal cost-benefit analysis, you will be in a good position to eliminate fiscal waste. Next, if you have debts, take concrete steps to reduce them. Generate a plan to consolidate and reduce debts, even if slowly, and stick to it. Do resist impulses to further expend your resources unnecessarily. Once you have eliminated unnecessary financial drains and have started reducing your debt load, you will probably find that things really begin to fall into place for you financially. Money is a resource, nothing more, nothing less. We are all better off if we use it wisely.
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