Drop 8 Zeros


I received this in an email a while back. I don’t know exact the numbers as of now, but this serves as an example of budgeting. Even the big guys need to budget.

The U.S. Congress sets a federal budget every year in the trillions of dollars. Here’s a breakdown of federal spending in simple terms.

The federal budget:

U.S. income: $2,170,000,000,000

  • Federal budget: $3,820,000,000,000
  • New debt: $ 1,650,000,000,000
  • National debt: $14,271,000,000,000
  • Recent budget cut: $ 38,500,000,000 (about 1 percent of the budget)

 

Let’s put it in perspective:

Remove eight zeros from these numbers, and pretend this is the household budget for the fictitious Jones family:

Total annual income for the Jones family: $21,700

  • Amount of money the Jones family spent: $38,200
  • Amount of new debt added to the credit card: $16,500
  • Outstanding balance on the credit card: $142,710
  • Amount cut from the budget: $385

 

 

 

The Joneses:


First: MYOB (Mind Your Own Business.)

Second: Just because you see someone in a new car, new house, or with a hip gadget, it doesn’t mean it’s paid off. It doesn’t mean they could afford it. Don’t get distracted by other people’s flash. If someone tells you their gross income, don’t even blink an eye. Gross income is what they got paid, not what they took home.

Keep focused on your goals. Don’t let side shows distract you. Be confident in who you are, not based on the money. (Pssst…The Joneses are trying to up with you!)

How do you get back on track when you notice you’ve slipped into focusing on the “Joneses” instead of yourself?