AUTHOR BIO
Mike Ballew is the founder of Eggstack®. He’s a member of the Financial Planning Association, an engineer, and software developer.
TERMS OF USE
ABOUT US
Mike Ballew – Financial Planning Association member, engineer, author, and founder at Eggstack.
Eggstack is an independent financial technology company located in Jacksonville, Florida. Our mission is to help you overcome uncertainty about retirement planning and inspire confidence in your financial future.
PRIVACY POLICY
Have you ever wondered how much the average America spends each year? A recent study with over 2,000 participants revealed the shocking truth.
A survey conducted by OnePoll showed that the average American spends $7,500 over their budget each year. Headwinds like that do not afford any opportunity to save.
It’s too easy to buy things today, just press a button or wave your phone. Who writes checks anymore? Checks were inconvenient, but at least you always knew where you stood. Every purchase was logged into your checkbook and you could see how much money you had left. Now we have no idea what’s going on until the credit card statement arrives, and by then it’s too late.
Our government engages in deficit spending, and we do it, too. Running a $7,500 deficit each year really adds up. In 10 years, that’s $75,000. With the usurious interest rates credit card companies charge, that figure becomes more like $200,000. Who can afford to live like that?
40 percent of Americans carry credit card debt, and the average balance is $10,000. That's a recipe for perpetual debt with zero savings. The answer is spend less, Say Goodbye to Debt, and start saving.
We live in a time of great prosperity. Our worst day is better than a king’s best day back in the Middle Ages. Enjoy what life has to offer and live beneath your means. It’s human nature to always want more, but no amount of spending will ever bring true happiness.
Enjoy the simple things in life. If you can walk and talk and enjoy fresh air and the sun on your face, you have much to be thankful for. Even boredom can be appreciated. If you are bored, chances are you are safe and nothing bad is happening to you. That’s more than prisoners in many parts of the world can say.
Be watchful of the influences in your life. Replace gossipy friends with good-hearted people. Choose positive messages over glamorized evil. The quickest way to get over yourself is to do something nice for someone else. Put these ideals to work and they will change your life.
Photo credit: Pixabay Eggstack News will never post an article influenced by an outside company or advertiser. Our mission is to help you overcome uncertainty about retirement planning and inspire confidence in your financial future.
Financial Planning Association member, engineer, author, and founder at Eggstack.
