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10 Ways To Pay Attention To Money
Manage episode 113114198 series 30339
#155: 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? Leave me a note at https://moneyplansos.com/10-ways-we-pay-attention-to-money-mpsos155/
201 episodes
Manage episode 113114198 series 30339
#155: 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? Leave me a note at https://moneyplansos.com/10-ways-we-pay-attention-to-money-mpsos155/
201 episodes
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