Category Archives: Money Management
Financial Stress Level
I recently went to the doctor with back pain. While I was there, I was asked to describe the pain and assign it a number on the pain scale, with 1 being no pain and 10 being excruciating pain. (For those interested, I gave my pain a 6, for distressing. The doc gave me some [...]
I Spend One Day Managing Finances And Then Enjoy The Month
My current system for managing our household finances is super-simple. Here’s the entire process: Monthly Review On the last day of each month, I review that month’s budget, income, and expenses. I make a note of any budget overages or shortfalls I also balance our checkbook. Budget Creation After reviewing our budget, I use the [...]
I Mailed A Payment To The Wrong Business Address
Have you ever – lost your wallet? – forgotten to mail a payment? – misplaced an important financial document? – overdrawn your checking account? – spent more than you could afford to spend? – maxed-out a credit card? – made any number of finance-related mistakes? If you answered yes to any (or all) of the [...]
Creating A Financial Timeline
The goal of the financial timeline is to plan for future major purchases. I define a major purchase as any item costing more than $1000. My financial timeline focuses on purchases to be made in the next 5 years. I create a list of items that I plan to purchase. I am careful to consider [...]
