Eyes on the Dollar
by Kim Parr

Finacial freedom for me means being able to pay my necessary monthly bills plus do things I want to do, like travel, without having to earn money from a salary.

Lack of financial literacy is a tremendous problem worldwide. No one cares about your money like you do. Not understanding basic financial concepts like budgeting, interest, and thoughtful spending is a great way to end up in a financial mess.

The number one thing you have to do is spend less than you make. It doesn't matter what your income level, if more is going out than coming in, you have to cut expenses and/or make more money.

I have three questions I ask before purchasing anything that is not an absolute necessity. Do I really need this or will it add value to my life? Do I need it now? Is this the best possible price? Often, asking these three questions makes you realize you don't need to spend money today. Not spending is the best way to save.

You need to have a vision of what you want. Are you happy in your current situation or is there something you want to change? If you aren't 100% satisfied with how your financial life is going, then it's time to make a plan for the next year, five years, or ten years. Without a concrete goal, it's easy to say you'll do it next week or next year. Dream big!