Budgeting

It’s never too late to start a New Year’s resolution.  While I am confident that you are still sticking to the ones you made a month or so ago, I think now is the perfect time to start one more—better management of your personal finances.  Sometimes I think that most people don’t understand the importance of tracking your own personal finances.  It would be unheard of for a successful business or organization to ignore their finances.  But for some reason it is so easy to ignore our own.  Maybe we are afraid of what we may find.  Maybe we will realize how much we are really spending eating out every day, or how little we are saving for retirement.  Some have the idea that as long as the online bank balance is still in the black the last few days leading up to the next paycheck—that they are “o.k.”.  The scary part is that we probably won’t realize we are in trouble until it’s too late.