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  • 4 years ago
How To Pay Attention To Money

How To Pay Attention To Money

How much attention do you really need to give to managing personal finances? Here are 10 ways we pay attention to our money - and most of it doesn't involve a lot of time:

Always: Check remaining budget balances before spending.
Daily: Enter transactions into your checkbook/software/YNAB
Monthly: Balance checkbook/YNAB
Monthly: Set up budget (again, we use YNAB)
Quarterly: Review investments and retirement plans
Annually: Rebalance portfolios and contribution amounts
Annually: Reassess emergency fund balances  
Tax Season: Review "giving" categories
Occasionally: Think of money-saving ideas as they come up (cell phone, irregular purchases, etc)
Life Events: Health, Car, and Life Insurance annually or when there is a life event (job change, new vehicle, pay raise, etc…)

Have I left anything out? Go to MoneyPlanSOS.com/155 and leave me a note

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