If you understand and follow the basic principle of Cash is King you can change your life forever. Your life will be less stressful financially and you will be taking your first major step toward financial peace of mind.
Cash is King is an easy principle to understand; however it may be difficult to follow. This principle is the key to less stress within your financial life. Many things tell us how to manage our finances and it seems that none of them address the root cause of our financial problems.
The biggest problem is that we live in a world of plastic and for all practical purposes we do not respect or understand the value of cash.
If you follow this simple but different principle of Cash is King you will start on the road to financial peace of mind. Here are two basic suggestions on how to follow the principle of Cash is King:
When you are paid make sure you allocate enough money to pay your rent/mortgage, utilities and any other fixed expenses you may have. Any amount of cash that is left should be withdrawn from your checking account to be used for food, clothing, gifts, entertainment, gas, etc. The best way for you to control this...
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