Wealth-Coaching

 A great way to reduce and eliminate debt is to establish and three fold
philosophy on the management of your money.

Spending

• Necessities - focus on the things you must have in order to live.  Food,
  shelter, travel, clothing and the like.  These are areas that must be allocated
  first.
• Niceties - items that you really want to acquire but are not necessary. 
  Don’t eliminate this area of spending completely, but keep it in
  control.

Giving

• Charity - giving makes you less materialistic.  Although you may want the
  third plasma television, the local orphanage could use a new travel van.  Find
  some non-profit organizations that you could offer some funding.
• Church - if you are a religious or spiritual person, you will find that
  giving to your local congregation can provide a sense of ownership in something
  bigger than yourself.

Saving

• Retirement - simple… this is income for the future after your employment
  is gone.  Failure to plan in this area of life can cause severe problems when
  the time comes to retire.
• Rainy Day - put some money aside for repairs or emergencies.  This will give
  you peace of mind as  you travel through the whirlwind of life.
• Recreation - plan to take some time away each year.  Even if it’s just a few
  day trips.  Don’t think you can’t ‘afford’ time away.  You really can’t afford
  not to get away.

Giving, saving, and spending wisely will go far in
your journey.