Saturday, February 28, 2015

End of the month check up

Pop Quiz!.. Everyone pull out a sheet of paper and a pencil..and how are you doing budget-wise? Have you recovered from the Christmas spend-fest?


 Every month I like to hold a business meeting.  Since I live alone, it's very easy to organize.  All it takes is a blank sheet of paper, bank statements, bills, income and savings.

I go over the set bills for the month, subtract that from my expected income and (hopefully) increase my savings a bit or (better yet) pay off a bill entirely.


I'll be honest, there have been times when this pow-wow of one would make me ill.  My stomach would turn when I came up short.  Maybe I'd be moving in the wrong direction or go over budget in a big way.

But I am learning that the only way to get ahead is by focus and intensity- "gazelle intensity"- as Dave Ramsey puts it.  And not opening that envelope does not make the bill go away!

So my challenge to you is to write out your bills- all of them..start that budget..even if it's overwhelming at first.  Many times I would make myself worrying about some bill (especially the tax bill!).  But go ahead, open that envelope, pull out that sheet of paper, make a plan, and start saving!




Do you have a budget?  Are you saving-even if only a little- every month?  One of the ways that I save is by automating it!  I have $35 a week taken from my checking and put into an online savings account.  I am surprised how I don't miss something if I never see it! Even if it's $5 a week, every step is a step in the right direction.



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