Before we talk about creating a budget, we ask that you take a few minutes to complete the below questions. The answer is at the end of the article.
1.) When I am feeling depressed, I usually go shopping.
2.) I often feel reckless and out of control when I shop.
3.) My shopping has caused problems with my personal relationships
4.) I often feel reckless and out of control when I shop.
5.) Even though I feel very distraught about my debt, I still shop.
6.) After big shopping trip, I sometimes feel disorientated and depressed.
7.) I spend a lot of money that I do not have on things that I do not need.
8.) I lie to my friends and family about how much money I spend.
9.) I have lots of clothes I have never even worn before.
10.) I feel emotionally upset about my shopping habits.
Creating a Budget
Getting out of debt is only the first step in a complete plan to change the way your money works for you in your life. If you read and follow the advice in our articles, by the time you have completed our program, you will be armed with information that will not only keep you from getting in over your head in debt again, however we will also show you how to build security and wealth for you and your family or business.
The first thing you need to do, and probably the most time-consuming, is to begin tracking your spending. You should be recording every purchase you make (large and small) including every bill you pay. Please continue doing this for a least one month, although two months is better if you can. The more effort you put into this, the better results you will receive.
Then we recommend you send your records into your client services representative at NDR who will personally show you how to go over your expenses and begin creating a budget for your household.
If you have not been tracking your spending as of yet, please begin doing so now, or you may miss out on this golden opportunity to find out where your money really goes. In addition, the chances of repeating falling behind in debt again can come back to haunt you.
Next, together we will build a worksheet for you to help you create a financial analysis. This will help you with information on how to create a workable plan that will help you for your financial future.
Best of all, it does not cost you any money, as your client services representative is trained in line of work of as well. Therefore, we hope you get started right away, and let us help you create a workable budget for when you completely out of debt for good!
Oh, and by the way, if you took our test at the beginning, here are your results.
If you answered “True” to four or more of the test questions, it is very possible that you have a real problem with compulsive shopping.