You are not alone if you are feeling like your financial life is out of control. Do you feel like you have loaded your financial wellbeing onto a rapid flowing river, which is headed straight toward a waterfall? The first and most obvious step is to wrestle back control of your financial affairs. Grab hold of the rudder and begin guiding your finances toward the shore, where you can assess your position and begin taking corrective action. The way to do this is to create a budget, look at your month in advance and create a clear picture of how you are going to spend your money.
It astounds me how few people have a budget; they have no idea how much money they spend each month. They blindly blunder from one month to the next, oblivious about how they spend their hard earned money, let alone having the foresight to figure out how they are going to correct the errors of the past and sort out the debt trap they have created. Research shows that only 4 out of 10 people have a budget, 60 % of people have no idea how they are spending their money. Are you one of the 40 %, who measure their monthly spend or are you a member of the 60 % club, where you spend your month, holding your breath, tightly closing your eyes and just hoping that things are going to improve by themselves? The solution to change this requires a small shift and a little monthly discipline to create a budget and then a daily and weekly commitment to stick to your plan. It really is that simple.
As you go through your month it is crucial to track your cash flow. Keep a close eye on where your money is going, constantly assessing, if you are spending your money wisely. You may have some serious leaks in your financial boat; there may be a number of small unnecessary expenditures that are adding up to major pitfalls. The only way to find out if this is the case and to discover where the leaks are, to finally plug them, is to start tracking your spending on a daily basis. One of the best tools, which I recommend to help you to quickly, easily, automatically and visually track your finances and to see how your net worth is growing on a daily, weekly and monthly basis, is Quicken.
Can you answer the simple question about what your net worth is right now? If you do not know the answer to this really simple, yet crucial question, then you will never get control over your financial affairs. You will remain on a slippery slope and spend the rest of your life floundering around, always short of money. If you are not sure where to start, follow the link below to access a document that will help you to start creating a clear picture of your net worth.
My Net Worth
Follow the two simple steps as described above and you will finally start to get a handle on your financial affairs. Continue to blunder blindly through life and your finances will continue to spiral out of control. The choice seems pretty obvious to me, what are you waiting for, wrestle back control of your financial affairs and begin to reap the huge benefits that this will bring.

Author's Bio: 

Andrew is an expert and master teacher that speaks and teaches self-leadership, expanded awareness, effectiveness, efficiency and productivity. He guides individuals and business professionals, to identify, prioritise and carry out the right activities, consistently, so that they can maximise their personal effectiveness and deliver their best; on time, every time. All the tools and techniques Andrew teaches; have been tested in the laboratory of his own life and the many successful businesses he has owned and led, over the past 20 years. These strategies have seen Andrew achieve financial independence and reach a point of harmonious balance in all areas of his life. His purpose is to help as many people as possible, achieve similar or better results and to show them how they can realise their full potential, both personal and professionally and to help them live a meaningful life, where they are fulfilled in all areas.