- Posted December 8, 2012 by
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My Ten Sense: What to do when your money is low
When your money is low and you are falling short on your bills or just making ends meet, you probably think about getting one of three things to increase your cash flow:
A tax refund check
A job raise
A winning lottery ticket
A financial aid check also may be a cash boost if you’re in college.
But these are all temporary blessings because the money is usually gone as soon as you get your hands on it. The reason is you already mentally spend the money by figuring out what obligations and desires you will take care of with the money, such as shopping, a car repair, catching up on past due bills, a vacation.
But once you spend the money in a short period of time, you are back struggling to make ends meet.
Find out how to change your approach so you can stop ending up back where you started — broke on my financial advice blog, http://mytensense.com/2012/12/what-to-do-when-your-money-is-low/.