I found this article today:
Unemployed single mother on benefits who spends £2,000 on Christmas with 20 presents for each of her children
- Leanna Broderick plans to give children designer outfits, iPads and jewellery
- The 20-year-old has never worked and claims nearly £15,500 a year
- Claims she is better off on benefits and last year saved £2,500
- Said there was ‘no point’ getting minimum wage job and paying for childcare
By ROSIE TAYLOR
PUBLISHED: 00:01 GMT, 11 December 2012 | UPDATED: 11:41 GMT, 11 December 2012
While many families are worrying about how to afford Christmas this year, one jobless single mother has revealed she receives so much in benefits she has £2,000 to spend on designer gifts, clothes and partying.
Mother-of-two Leanna Broderick plans to buy 20 presents for each of her children, including Burberry and Ralph Lauren outfits, iPads and gold jewellery.
The 20-year-old, who has never worked, claims nearly £15,500 a year in state handouts.
Everyone has the right to their own opinion on this lady’s actions. However, I think everyone can learn from her. I personally don’t agree with spending this way but I tell you there is something good in the story if you look closely.
If you note how Leanna in the article above said she saves so much towards getting her goals met. She is passionate enough about the project she has and she is willing to cut down to achieve it.
After practicing as a financial planner for more than 5 years, I find it hard to bypass this when I see it. I have met many ladies in Leanna’s state that still depend on friends and family for survival.
There are many people today that earn so much but have no more money 2 days after pay day. Many then turn to credit and spend borrowed money how ever they like until the next pay day. Some highly paid managers even withdraw money from their credit card to pay their rent. This is why though some make so much, their debt increases also at an alarming rate.
If you make money (business income, employment income or government benefits) but don’t seem to have enough to spend. If you use credit to supplement your monthly expense every month. Then you need to sign up for my money coach.
Common knowledge is seldom common practice. In order words though you know that budgeting is good practice, you might still not find it easy to follow. You are not alone though. Thousands of people think that budgeting is the easy way of putting one’s self in a prison.
Budgeting is nothing else but planning. Its not putting yourself in a box, its being in control of every penny in your hands. We will use this old but powerful principle to bring back the financial peace that you really love to have. For more on budgeting, read my article on budget.
I will teach you to get the most out of what you have now in order to use it to attract what you really need. Financial peace is what you will find and that, my friend is a key to the door of financial buoyancy.