5 Steps to fix your financial woes

We all know that money is not everything and that happiness and contentment cannot be bought with cash. However, as a society becomes more materialistic, most people struggle to fill their lives with 'things' and brands.

However, when bills pile up and despair takes over, you realize that you are now trapped in your personal financial hell. The good news is, IT'S NOT TOO LATE!

Here is the 5 steps to fix your financial woes to escape from rat race:

1. Knowledge and awareness
Find out everything you can about your own cash inflow and outflow. If more money is going out than coming in, you need to do something about it immediately.

2. Have A Plan
Sometimes all it takes is to evaluate your spending habits. Say "no" to flashy things and sleazy salesmen. Count every cost you incur for a month and you will eventually discover where you should cut your expenses.

3. Self-discipline
Once you have a plan. STICK TO IT. Tell yourself that when your financial situation improves, your quality of life will follow suit. Once you're out of the quagmire of debt, everything looks better.

4. Education
Learn not just about money but about yourself. Are you spending because you're depressed or fearful? Getting in touch with yourself will solve many of your financial problems.

5. Action
Once you learn, act on it. Remain vigilant until your goal is achieved - that is financial security or being debt free.

Keeping track of your financial situation is about control.
Remember, that the benefits will be well worth the work.