As we settle into January and we start reflecting on our past 12 months, some of us may be thinking “I believe I may have spent too much.” This is the time to do an assessment on what are some things you can cut back on: Are you eating out too much? Are you spending too much money on unnecessary things? Just think what can you cut back on. How can you make this adjustment? These are things we should consider as we live through this recession. The reality is, it probably won’t get any better. I know you hear the housing market is going to get better or the dollar will regain its value, but the fact of the matter is you need to be prepared if it does not. So let’s take the time this year to cut back on all unnecessary things. You will be surprised how much you can save.
Carmen Johnson is the Founder and CEO of the Katie Able Foundation.
To find out more about Carmen Johnson visit http://www.katieablefoundation.org/