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We’re the first to admit it because we’ve been there. Like countless other people, we’ve had our share of money troubles over the years, so we understand what a drag it is to pinch pennies, give up the things you enjoy, and work harder than ever. We’ve also counseled people whose finances were in such bad shape that getting out of debt meant having to take further steps such as consolidating their debts, negotiating with their creditors, and even giving up some of their assets. Keeping family relationships a priority Most people at the end of their life don’t wish they’d spent more time at the office, but they do often regret not spending more time with their family, especially when their children were young.

Is tithing or regular philanthropic giving important to me? ߜ How far in debt can I go and still feel comfortable? You may well find that your significant other is a spendthrift and you’re a miser or vice versa — opposites tend to attract each other. One reason opposites attract may be that on some unconscious level, people are aware of their own weaknesses and shortcomings and know almost instinctively what they need to “complete” themselves. If you have trouble keeping to a written budget, you may choose a life partner whose greatest joy is keeping detailed written records of every flower growing in the yard or every penny spent on bubble gum by the kids — and imagine you balance each other out in the process.

It’s a lot easier to sell that new car when the customer focuses on a $400 monthly payment rather than on a $25,000 albatross. But when it comes to assessing your financial condition, knowing the total amount of your debts is critical. Consider home and car loans separately from other debts, for two reasons: ߜ You can reduce or eliminate these loans if you sell the house or car. ߜ Bankruptcy affects home and car loans differently than other debts. You can find out how much you owe on these loans by phoning the creditor.