Many people graduated from college and felt a need to look successful. They purchased a nice car and a bigger home than they could afford. Some were able to make the transition and income enough to make it work. But so many of these folks got into financial trouble and had to back out of fixed mortgages and auto loans.
Here are the latest statistics on foreclosures from RealtyTrac:
There are currently 913,124 properties in U.S. that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 1,040,663.
The point I am making is that peer pressure has caused so many families to go broke, over-spend and be out of financial control. A good solution is simple:
- Create a spending plan. Go here to do so: Create Spending Plan
- Track your money and emotions. Go here to get free tools: Tracking App
For more general information on a low-cost financial management program that will get you in complete control of every area of your finances in a short amount of time, go here and sign up for the “basic” program and learn how to thwart peer pressure. Learn how to save money each month. Learn how to have extra money for emergencies and fun activities. Get a money management system that actually works and don’t get into trouble.
