That is exactly what just happened to our family.   This change forced us to make some very tough calls concerning our budget, Money and ultimately our lifestyle.   The situation?  Higher school costs, and higer taxes coupled with a reduction in pay at work forced us to re-evaluate our budget.  There were unpopular decisions that had to be made as we downsized ourselves to cope with less income and still pay for the higher cost of school.  This is happening everywhere - the downsizing of people’s budget is not an uncommon thing, in today’s economy.  Yet, we must deal with reality.

These 5 suggestions will help one downsize effectively and make this process as painless as possible.

1. Let as many areas of your budget "Share the Pain" in your downsizing.  In our family, 7 areas helped absorb the extra costs.  Three people’s weekly allowance, the weekly food allowance, the monthly allowance for the next car, charitable giving, and our retirement savings all took a hit to help us keep the budget balanced AND yet achieve an overall balance in life.

2. Evaluate whether you need to possibly look for more work or Money making activities.  It could be as little as weekend work, or as big as a career move, or starting your own business (home business or otherwise).   Remember one of the three ways to make your finances balance, is to make more Money.  The other two being cutting expenses, or making more income and cutting expenses at the same time.

3. Take responsibility and be determined. Dont start spending more than you earn!  Make the necessary adjustments regardless of how painful.  Lots of people, when faced with higher costs, turn a blind eye and just "hope everything turns out OK".  Wrong!  You cannot assume. You cannot hope for a miracle. You must take action and stick to your budget.  And yes, It can be done!

4. Be sure and look long term.   Our decision this month to cut back was the result of looking down the road (14 months ahead to be exact) and realizing there were higher costs ahead.  Look into your financial future as best and as far as you can and look for situations that might need some advance planning.  The sooner you find out that you need to adjust, the easier it will be to make the actual adjustment.  Wouldn’t you rather have 14 months to save for an upcoming expense versus 2 or 3 months?

5. Budget Master, make sure you have the agreemennt of your spouse. Make sure all other family members understand what is happening and why it is happening.  It is tough to downsize.   It is impossible to downsize without your spouse’s support!

Taking action ahead of time, making the proper adjustments, and sticking to your plan will keep you out of trouble.  Times like these make having a plan and a system to keep your plan all the more critical.  "The Allowance System – Wealth Secrets For Adults" will help you create a good financial plan and give you the system that will consistently allow you to stay on top of your finances. 

Best of Success,

 
David Dickinson
Author, Trainer, Educator, Entrepreneur
"The Allowance System FOR ADULTS"

In my latest book – "The Allowance System – Wealth Secrets For Adults".  I teach you how to focus on mastering the critical areas that can make a huge difference in whether you live the desired lifestyle you have always wanted. 

These 7 strategies are part of my over all success system for eliminating debt and becoming financially free:

1.  Become a wise spender.

2.  Create an effective and manageable budget.

3.  Create an allowance system to save your budget.

4.  Save in the three biggest areas you spend Money

5.  Create a sensible plan to get rid of debt.

6.  Accelerate your debt reduction plan.

7.  Get started with your new found savings.

By implementing these steps, you will soon have the knowledge to get started on your new way of financial living. 

Remember this is a journey, a lifestyle change, and these are changes for the betterment of your life.  It is time to change and that time is now!  The changes you start making todaywill greatly affect you in the years ahead.  

Click Here to find out more and to get the step by step process to The Allowance System.

Best of Success,

 
David Dickinson
Author, Trainer, Educator, Entrepreneur
"The Allowance System FOR ADULTS"

The game of Money and Wealth is no different.  You need to have a financial plan that will accomplish your goals. 

Are you spending more than you make? 

Are you spending all of what you make? 

If you answered "Yes" to either of those questions, I would suggest rethinking and coming up with a plan to start mastering your Money so you can stop falling behind.

One such way is to create a budget and use an allowance system for organizing and spending your Money.  It is an essential strategy to effectively gain Wealth and stay out of debt.  Simple and effective, a properly implemented allowance system in your family will give everyone the freedom to buy as they want, and stay within the family budget.

Other major spending areas can also beintegrated into The Allowance System, and your budget will now be a joy rather than a burden.

Best of Success,

 
David Dickinson
Author, Trainer, Educator, Entrepreneur
"The Allowance System FOR ADULTS"

It is more important than ever that you realize that times are tough and may not get easier for a while!  It is more important than ever, to realize you need to change your living and adjust to the times.  It is more important than ever to plan to make sure that you do not fall victim in these times and that you get ahead financially!   Yes, it can be done! Tough times wont last forever, but tough (prepared) people will. You need to make a plan to change your lifestyle and keep your finances afloat.  Those who do not plan will surely suffer for it.

One way to survive this downturn is to make sure all monies are spent wisely. To make sure you spend wisely, a good plan and a good system is needed. 

"The Allowance System – Wealth Secrets For Adults" will help you create a good financial plan and give you the system that will consistently allow you to stay on top of your finances. 

It is now more critical than ever in these tough times not only to be wise spenders, but to build Wealth as well.  Let me show you how and help you today!  Check out my New Book…

Click Here To Find Out More About My New Book…

Not only have I become completely debt free, but I’ve helped several others organize their budgets, implement an allowance system, and get them on right track to financial freedom. And now Ican help you!

Best of Success,

 
David Dickinson
Author, Trainer, Educator, Entrepreneur
"The Allowance System FOR ADULTS"

Making budgets can sometimes be a challenge for many, and pure boredom for others. We all know that we need not just a budget, but a good budget that will keep us out of trouble.  Long detailed budgets take forever to maintain and keep up with.  There are better things to do in life, than to be tied down to making sure your budget is in line. 

There is a way around this. It is not a magic wand, but it is a new way to organize your finances. In my new eBook, "The Allowance System – Wealth SECRETS FOR ADULTS" we will introduce you to an allowance system. Not the kind you had as a kid, but one that is designed for adults and families. One that is simple and easy to maintain.

The secret is not the allowance itself, but how to use the allowance in a time efficient manner.  Here is a step-by-step process:

Step 1 – Track What You Spend For 30-Days

Step 2 – Make A Budget

Step 3 – Implement "The Allowance System" And Make A Better Budget

Best of Success,

 
David Dickinson
Author, Trainer, Educator, Entrepreneur
"The Allowance System FOR ADULTS"