Money $cents

It has been said that, “the love of money is the root of all evil.” It is simply a matter of attitude towards money. Additionally, “divorced couples have revealed that money or finances is one of the reasons of their break-ups”(Blue & White,2008). Furthermore, America is known as the most free country in the world yet Americans are in prison because they are trapped with materialism that often results in enormous debt. It is easy to get into debt but very hard to get out of it. Debt imprisons an individual and like an incurable disease it often isolates people from family and friends. So for those who find themselves trapped in their prison cells, it is not too late to get back the freedom that you and I should enjoy. Now is the time to take a break from uncontrolled spending and do a personal financial assessment. Start by writing what you have such as your income, savings, investments and other assets. On the other hand, write down everything that you owe such as credit card bills and other high-interest debts. Then start paying off debts with the lowest balance by paying extra each month and once that is paid off, apply the amount that you used to pay off the first debt to the next lowest outstanding balance until you pay all outstanding debts and you can breathe and proudly say, “I am truly FREE!”