For the love of money is the root of all evil.  It is crazy what money can do to people.  As the O’Jays would say, “Some people got to have it, some people really need it, that mean green, People will steal from their mother and rob their own brother, for the love of money.”  Is the almighty dollar really worth it?  Americans are in a financial crisis because we are spending money that we do not have on things we do not need to impress people we really don’t like.  We are placing ourselves in a financial situation and not addressing the spending problem so many have.  

The twisted mentality and concept on money management is what ruins so many.  America has not worked out the kinks in their mind set when it comes to spending.  This spending could also be caused by the uncontrollable use of the credit card and the payday cash loans located on every street corner.  We are allowing credit cards to reach their max and sometime exceed the available credit.  When we add up the cost of the new house, car, and lavish living we find ourselves with outrageous bills and not enough income to pay for it.

Living above your means can create a financial crisis.  Statistics show the average individual is in approximately $18,000 worth of debt.  Americans are not able to distinguish the difference between needs and wants.  The fundamental needs in life such as food, clothing, education and transportation would be enough to sustain us.  The average American would pursue their wants in life such as purchasing designer clothing and a Benz or Bentley when a bus pass will always provide transportation.  Indulges and greed are common mistakes made in financial binds.

Now, we think about the people who are living the life.  These people are the careless spenders that are going to the banks asking for loans to pay for these despicable credit card bills.  When these spenders pay off the bills, they now owe the same amount of money to the bank.  Therefore, not only are people spending their money carelessly, but the banks are giving money to the people who are stuck in these financial situations.

A money management solution to getting out of debt and pursuing wealth would be first to confess there is a financial problem that you do not have control of.  An individual will have to work.  Obtain employment and know where you are financially.  When you gain employment you start with 100% of your total income.  Stop visiting the payday loan institutions and stop using credit cards.  Make arrangements with your current creditors and keep pay arrangements making frequent payments on the accounts.  Start with the small amount first then evaluate the account with the higher interest rate.  Finally, the most important solution will be to realize you must allow patience in the process.

With the new opportunity for change in the government the United States may still be able to recover.  We are hopeful with the creative ideas and energetic outlook that the new president-elect Barack Obama will introduce will help our economy.  If everyone will process a positive change our country can recover.  The debt is continually rising so now is the time to take a stand on making an improvement with finances.