It’s important to mention that comparing our finances to someone else, or against some benchmark, is financially depressing and destructive.  We should focus on our situation and what’s best for us. There isn’t a magic bullet, or a one-sizefits-all solution.  Also, looks can be very deceiving. “They drive a nicer car, so they must be doing better financially!” or “They have nicer things, so I obviously don’t make enough money!” Chances are that we make inaccurate assumptions because we are unaware of their financial situation, how much they earn, or how they are spending it.  We must focus on budgeting as a process; it’s taking baby steps to finally being able to walk.  Measure success by the little things, the little victories, the fact that you were actually able to put away an extra $5 or $10 this month. Don’t make the mistake of focusing on what others have or think.  It’s the emotional excitement, the psychological well being and the fact that you are in control of your finances that has the biggest impact. As a matter of fact, a 2016 Wall Street Journal article states that research has proven, “Having more money in the bank makes people feel more financially secure, which can lead to further happiness.”  WSJ went on to suggest that even the very wealthy felt much happier with money in the bank, not their aggregate net worth on paper.  The wellness concept is growing exceedingly popular; that sense of physical, emotional and financial well-being.  Feeling better about our finances is a big part of the equation, and budgeting has been proven to improve our ability to plan and save.
If budgeting can do all of this, then why wait? Do we want to make excuses, or do we want to do something about it?


It can be pretty amazing when we actually figure out how much money we make over a lifetime. With all that earned income, why aren’t we financially independent?  As we discussed earlier, there are a lot of reasons, and lots of excuses, as to why we are struggling. Putting our money to work through careful planning gives us greater control over our financial futures. Many of us fail to take control, instead blaming ourselves for not making enough money: If I earned more, my financial problems would go away.  Almost everyone thinks that they should be making more than they do, or that they are underpaid.  However, very little seems to do with how much we actually make. Instead, it’s what we do with our money that matters; like making good decisions on how to spend it, and putting it to work as hard as we worked for it.  Remember, as mentioned earlier, there are only two sources of income: People at Work and Money at Work.