Many people are fast falling in debt and one blames it on the lack of job opportunities and poor economic conditions of today. In fact majority of those in debt are high income – job holders.

The problem lies in our habits of spending carelessly on items we think are must-haves. The reality is we spend on the latest fashions, technologies etc to be happy but end up being in debt. As big as this problem seems to be the solution is equally easy!

Do you think you have financial freedom? No, it is not about having a big pay check or short work time. It is whether you are satisfied with your job or not? Do you think what you do is worth what you get in return? If you are happy with your job and what you earn, you can say you have financial freedom and you can happily control your expenditures.

Set out goals for yourself but not the lame old goals which end up being unachievable dreams due to their boring elements. Set out such goals for yourself that excite you, which arise the passion to work but they don’t necessarily have to be very big and hard to achieve.

Once you have set out your goals budgeting will become a lot easier. You will be happier working to achieve your goals rather than buying items which you previously thought bring happiness to you. You will realize what items you really need and which ones you just want and everything will start settling down.