Ask Away...: You Will Be Visited By Three Financial Ghosts...

Friday, November 17, 2017

You Will Be Visited By Three Financial Ghosts...

We’ve all seen A Christmas Carol, right? Whether you love The Muppets version, or the 1951 classic with Alastair Sim; the chances are that you know the story. Ebenezer Scrooge has the fright of his life when three ghosts give him a reality check. Sorry to spoil things, but by the end, Scrooge sees the error of his ways and embraces the Christmas spirit.

Don’t worry; we aren’t talking about Christmas yet. But, it’s possible to apply those ghostly teachings to different aspects of life. It may be that you aren’t as good a friend as you could be. Or, perhaps you’ve made mistakes with your family. Maybe the issue is your finances. Lucky for you, that’s what we’re going to look at here.

No one can deny that Dicken’s take on a ghostly reckoning has done well for itself. But, how much more popular would the story be if Ebenezer's finances came under scrutiny, instead of his Christmas spirit? No matter what our position in life, we could all do with more money. Rich or poor; financial issues are part and parcel of everyday. More so for some of us than others, of course. But, if anything has universal appeal, it’s the worry over having enough in the bank.

Which is exactly why we’re going to take Dicken’s ghosts, and turn them on your finances. Frightening, we know. But, much like Scrooge, we sometimes need a fright to open our eyes to reality. Forget the next three nights, though. All your ghosts are waiting for you in this one neat post!


The first ghost is, of course, the past. And, this is as good a place as any to start unraveling your finances. Most of our issues lay in decisions we made in a past life. It may be that you got yourself into debt when you were younger. Or, perhaps you’ve never been able to shake your student loans. Whatever the issue, uncovering it is half the battle towards solving the problem. So, as frightening as it seems, it’s time to take a look back into your history. Imagine a time when you were young, happy and carefree. What changed between then and now? Let’s revisit some of the most crucial financial times of your past, and look at what you might have done wrong.

Your first credit card

Ahh, we all remember the excitement of our first credit cards. Chances are you thought the world was your oyster when that little rectangle of plastic landed on your doorstep. And, be honest; did you go out and start spending straight away? You wouldn’t be alone. When we’re young, credit is free money. Many of us rush out and spend more than we could ever hope to repay. And, that’s the way much of our debt begins.

Paying back your student loans

When you got your first job, you probably felt quite flush. After all, you’ll have been earning money like never before. Perhaps you started to repay your student loans, but then put them aside for other things. Rent, bills, and general lifestyle costs are always more than we think. Before long, that flush feeling of payday can become nothing more than an in and then out situation. Did your student loans soon stop getting a look in? Perhaps you meant to develop a repayment plan, but never got around to it.


Of course, it doesn’t do too well to dwell in the past. All that has been and gone, and nothing you do now can change it. But, what you do have control over is the present. Are you still making financial mistakes, even now? Let’s look at what they are, and how you can change them.

Failure to pay debts on time

The chances are that you didn’t need a trip back to remember those past debts. They haunt you every time you miss a payment and more interest gets added to the bill. The amount may have small to start with, but it’s snowballed out of control. And, you’ve had to take out more loans over the years to pay it off. As such, you face monthly repayments you stand no chance of making.

It’s time to make a change. By taking control of your debts, you stand to live the life you always dreamt of. Either plan a monthly budget which works, or turn to debt consolidation companies, like those reviewed on This is the best chance you have of getting matters under control.

An empty savings account

You always meant to have hefty savings behind you, but it just hasn’t happened. Instead, you’ve got an empty savings account, and no security for emergencies. As such, your anxiety is through the roof. Every time something goes wrong in the home, you face the worry of how you can fix it. This is the reality many of us face, but it’s no way to live. Plus, it opens you up for needing even more loans in the future. Instead, set about saving a certain amount once your debts are clear. Even $10 each month could make a big difference. Slow and steady wins the race. And, all it takes to get started is a quick reshuffling of your monthly budget.


Now we’re onto more shaky ground. Mainly because your financial future can look however you want it to. If you don’t heed this warning, it may look worse than your present. You may lose your home and your security due to debt collectors. You may even end up with larger debt bills than you have at the moment.

But, if you take the above advice, your situation could be whatever you want it to be. Perhaps you’ve bought your dream house, or have reached financial security. But, where do you go from there? Let’s look at some of your options.

Invest your money

A good financial future often involves investment. This could be anything from business to real estate options like those found on Whatever path you choose to take, doing this right could see you increasing the money you already have. And, when that happens, you can kiss goodbye to debt once and for all.

But, how do you achieve this goal? Well, once your debt has cleared, you should set about making a plan. No successful business or real estate transaction came about just like that. You’ll need to know how much money to save, and where to put it for the largest return. Then, a little work will ensure you get there.

Let your savings build

Of course, you don’t have to spend money because you have it. Isn’t that what got you into trouble in the first place? Instead, you could pile any extra money into that savings account you started. The security that comes from having decent savings is priceless. Well...perhaps not; but you know what we mean. You'll be able to rest assured that you’ll never again need to take a frightening tour through your finances.

Live happily ever after

No matter what you choose to do, you can be sure that you’ll be free to live happily ever after. Without money worries, you’ll find that your life is much more enjoyable. You’ll be able to sleep better at night, and embrace opportunities without worrying about cost. And, you can ensure you provide for your family later down the line. If that isn’t a happy ending, we don’t know what is!

 photo ScreenShot2014-06-25at102225PM_zps4fdda517.png

No comments:

Post a Comment

I love reading and responding to comments but in order to get my reply you must ensure you are NOT a no-reply blogger. If you are, here are some quick steps to change that!

1. Go to the home page of your Blogger account.
2. Select the drop down beside your name on the top right corner and choose Blogger Profile.
3. Select Edit Profile at the top right.
4. Select the Show My Email Address box.
5. Hit Save Profile.

Related Posts Plugin for WordPress, Blogger...