This is a great quote.
A little hole could go unnoticed.
Even with several little holes you could bail out the water faster than it comes in.
But, there comes a point where more water is coming in than you can throw out.
What holes do you have in your financial boat?
Can you plug them?
Or are you frantically bailing water while your financial ship goes down?
If you want to plug the holes in your financial boat you will have to first know where the holes are.
To do this, you will have to write down everything you are spending money on.
Then, you have to figure out what you can do without or reduce the cost of.
It could be dumping cable, moving to a different home, finding a car that is less expensive to own, or eating out less.
Even if it is short-term, you have to do something.
If you do nothing you will find those holes get bigger and bigger until you can no longer keep up with them.