Don't count your chickens before they hatch

We have all heard this saying as we grew up, and even through out adult lives. However, did you know it is an intricate part of personal finance. How? Well set back, as I tell you.

How many times have you made plans to use some expected income. Perhaps a tax refund. Perhaps it was just your paycheck. Yet, if you think about it, you don't know what the future will happen. If you write that check before you actually have the money in the bank, then you are playing with fire. You as the saying goes, are counting your chickens before they hatch.

Let's say the delivery of your companies checks were delayed for some reason. Maybe the delivery truck, delivering them from headquarters has a wreck. Maybe the boss has a heart attack and there is no one else who can get the checks out of the safe. Or a host of other things that could happen to prevent you from getting your paycheck on time. Now you have checks out there, that are going to bounce. What do you do?

If you had waited until the money was in the bank, you wouldn't have to worry about the mess you made yourself. My suggestion, and the advice competent personal finance guru's like Dave Ramsey or John Cummuta is to Never spend what you don't don't currently have in the bank.



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