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July 22, 2006

Do You Have a Spending Plan?

Following a spending plan makes us solvent.

Solvency is the state of having paid all unsecured debts and of being able to pay cash for new expenditures (not necessarily including a car or home).

We plan for necessary major and minor purchases.

We put money in savings for them, even before paying creditors.

We pay cash instead of incurring more unsecured debt.

We feel a great deal of relief. These new spending and saving patterns can make us feel confident.

After all, we are able to meet our basic needs, to live our lives, without getting deeper into debt.

We may also be afraid—afraid we won't have enough—or we may feel guilty for thinking of ourselves first.

We trust that in time confidence will prevail.

Know that solvency based on an honest spending plan will bring tremendous relief.

Posted by Colin on July 22, 2006 03:00 AM | Permalink | DIGG THIS STORY

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