Never worry about money again. 
It's all over the news today - budget cuts, over spending, tax increases, program cuts etc. This caused me to think about our own budgets.
The first step in gaining control of your finances is by starting with a budget. We have all heard this before but how many actually have taken the time to write out their budget either on paper or on a computer spread sheet and reviewed their budget weekly?
This will allow you to see where your money is going. Once you begin to work your budget by review each week and eliminate waste spending you will soon be putting your financial resources where they will be used more effectively.
Prioritize within your budget. Did you know that your total expenses must not exceed 70% of your Net income?
#1 Expenses you NEED and can do nothing about TODAY. This includes items like your mortgage.
#2 Expenses you NEED but CAN do something about TODAY. This includes items like your groceries.
#3 Things you WANT. This includes items like cable TV.
If you are spending 70% of your net income on everyday living expenses what about the other 30%?
#1 10% goes to charity
#2 10% goes to Aggressive investments (stocks and/or real estate) or debt reduction
#3 10% goes to conservative Investments. Items such as 401ks/IRA's
Set financial goals. You can't get where you want to go without a plan. As mentioned above a budget is a great place to start. Eliminating debt is a great and worthy goal. If you are already saving then plan on 6 months worth of expenses saved. Set investment goals.
Treat your savings like an expense! It is important to pay YOURSELF. A part of everything you make should be treated just like any other bill you pay. This is an investment in your future.
Eliminate credit card debt. Face it - you can either be paying interest or collecting it. to eliminate this debt cut and cancel your cards. Acquire or keep one card with a low interest rate that you'll pay off monthly. Use a rollover formula to systematically eliminate balances.
Determine a percentage of your income that you will add to the minimum payment of the card with highest interest rate. What that card is paid off, add that same amount and the minimum payment of the card your just paid off to the card with next highest interest rate, and so on. You will be surprised how quickly your debt will disappear.
Put your money to work. History has shown us that with each U.S. market decline it has been followed by significant gains. The future favors those who stay the course with a solid established investment.
Talk to a financial advisor and anyone you know that has shown you that they are financially established themselves. Education is key. Your money and how you invest it is your responsibility.
Finally - Diversify- don't put all your eggs in one basket and then Never Worry About Money Again!
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