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MailTribune.com
  • Some tips for creating a personal stimulus

  • EDITOR'S NOTE: This is part of an ongoing series offering tips and information for businesses, job-seekers and consumers.
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  • EDITOR'S NOTE: This is part of an ongoing series offering tips and information for businesses, job-seekers and consumers.
    While the government has tried various ways of stimulating the economy, Consumer Credit Counseling of Southern Oregon has ways for you to create your own stimulus. Here are some suggestions for you to build a new level of financial stability:
    • Know where your money goes. The National Foundation for Credit Counseling Financial Literacy Survey co-sponsored by MSN Money revealed that close to 40 million adults keep little-to-no track of where their hard-earned money goes.
    • Tracking your cash flow is essential to regaining control over your finances. Commit to writing down every cent you spend for 30 days. This can be a very eye-opening experience for many, as it often reveals spending patterns that need some serious adjustments.
    • Build a budget. Budget is not a four-letter word. Call it a spending plan if you must. Once you have tracked your spending, you can then categorize it starting with living expenses, followed by debt repayment. Do whatever it takes to reconcile your income and expenses. Make sure every decision moves you closer to your goal of financial peace of mind.
    For more information, contact Consumer Credit Counseling of Southern Oregon at 779-2273 or www.cccsso.org.
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