A few years ago one of my work colleagues took early retirement and then found a job working part time. I remember him saying that although he had less money coming in, because he had more time to attend to his finances he was better off – he had time to look for the best rates and deals.
I know I haven’t been attending to my finances as I should have done recently. I’ve not monitored my budget, and I’ve not kept an eye on the bank account. This is all because I’ve been pressed for time – so now I know what my colleague meant.
This afternoon, after several days of procrastinating, I sat down with the laptop and had a big old sort out with my accounts, phoning up to update details, writing out my spending plans for the month and cash budget for the week. I recorded everything I’ve spent this month on a spreadsheet and put the money for the week into separate purses so I know exactly how much I have. I’ve written before about how I find using separate purses helps me to be disciplined about my spending, so I have kept going with this.
After spending a couple of hours doing this, I felt much better and more in control. The challenge now is how I’m going to keep this going.
Do you have a regular time for sorting out your finances?
Until next time, Tawney x