Have you ever had to look over something twice?

Maybe when you were in school you would double check your test before turning it in for a grade.

Or when you were on your way to catch a flight and you double checked for your license.

Taking a second look gives us a sense of security, but it also puts us in a better position than we were before that look.

This is especially true when it comes to your personal finances. Taking a second look can keep you from misery and stress in the future.

There is no question that another recession is coming and although it will not be like the “Great Recession” you still need to be prepared. Those who are over-leveraged are going to lose.


Yes! Over-leveraged. If you are reading this and you have tens of thousands of dollars in student loan debt then you are over-leveraged. If you owe thousands of dollars on a car then you are over-leveraged. If you owe thousands of dollars on a credit card or cards then you are over-leveraged!

I think you get the picture. When the recession hits then money and financial opportunities dry up until the recession is over. That means the creditors are going to call more and not be as nice about settling with you. That means the student loan companies are going to hound you even more for the money. Banks will not be willing to bend over backwards for you because they are losing money too.

Now you see why taking a second look over your finances needs to be done now.

I don’t want you to be on the losing end so look at everything that takes money out of your pocket each month and make some decisions. Look at what can be:

Cut back:

Cut out:

Paid off:

Everything needs to go into one of these categories so that you can go from being over-leveraged to having some leverage!

Now I have a question for you…..

If you could improve one area of your financial life what would it be?

A. Saving more money

B. Paying off debt

C. Improving credit score

D. Being in position financially to do more of what you want

Make sure to leave your comment below or email me at JaNet@DebtSucksUniversity.com


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International Financial Literacy Speaker and Author

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