Make it easy for yourself and simply set aside some time every week and devote it to your finances. And please don’t tell me you “don’t have time”. There are 168 hours in a week, do yourself and your balance sheet a favor and FIND some time.
This is a two step process:
1. A weekly commitment
This time could be devoted, but not limited to:
- Tracking and reviewing your spending
- Paying bills
- Reconciling and managing accounts
- Researching big purchases
- Sourcing vendors for a home-improvement project
- Preparing your family balance sheet
- Organizing your financial records
- Any other personal finance projects that might be on your to-do list
2. A family meeting
This meeting could be devoted, but not limited to:
- Reviewing household spending
- Reviewing your family balance sheet
- Planning big purchases and holiday spending
- Planning home improvement projects
- Creating financial goals and reviewing outcomes
We have worked hard for our paychecks, now let’s work hard to maximize them. I’m going to take my own advice and set aside time each week to work in my home office.
My husband and I have a meeting scheduled for Wednesday night and I have already let him know that I have an agenda written out.
How consistent are you with setting aside time to devote to your personal finances? Let us know your schedule in the comments.
This post is linked to:
- Frugal Friday at Life as MOM