EXTENSION CONNECTION: Manage money, avoid pressure to spend

Published: Wednesday, May 29, 2013 at 10:38 AM.

Facing reality might be difficult, but it can reduce your financial stress.

Would you rather confront things now or wait until you are struggling to pay your credit card bill?

Managing money

Everybody should learn how to manage money. Good money management includes being able to pay your monthly bills, saving for the future and buying the things you need and want without creating unmanageable debt.

A spending plan can be a helpful money management tool.

Some people want to collect as much as they can, while others want to buy as many goods and services as they can.

Recognizing your attitude about money can help you deal with situations so you can confidently say, “I can’t afford it” — or, alternatively, “Let me check my budget/spending plan,” “Let me think about that,” “That’s not in my plan for today” or “Maybe another time.”

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