If you are regularly finding yourself in financial trouble, perhaps it’s time to make some changes. Many people sadly live paycheck to paycheck, and find themselves in a never ending cycle of debt each and every month, with no relief in sight. If you find yourself buried beneath credit card bills and other monthly bills, and see your paychecks dwindle before you even see them, consider trying the following:

• List your income, and average expenses. It’s crucial to ensure you’re actually making enough money to cover your expenses while also being able to comfortably afford necessities. If you find yourself in an uncomfortable position, consider cutting costs if possible. Do you really need that expensive cable package? Should you cancel a monthly subscription that you don’t really need?
• Create a realistic monthly budget. This will help you control where your money is going.
• Track your spending, so you can assess any trouble areas. If you find yourself splurging on any certain item, tracking your spending will help you figure this out. Many smart phone apps exist that will help you track your finances.
• Sell items you don’t really use. The extra cash can help you catch up on your bills, and pull you out of debt.
• Consider possibly taking a part time job on the weekends.

The most important step in taking control of your finances is to stay disciplined. As 2014 progresses, following these steps can help ensure a financially sound and fiscally responsible year! If you need the guidance of a professional, don’t forget about the best CPA in Hawaii, visit Michael J. Yuda CPA, LLC today!