On Sunday I
blogged about how I'm spending far too much time planning and not enough doing. Well since becoming debt free I've gone on a little 'money focus' hiatus; it's not that I want to be thinking about money all the time, definitely not, it's more about how I've switched off a
little too much. I stopped tracking our Net Worth, I've lapsed with my spending diary and I've generally not paid as much attention to our money as I should do; I got financially lazy. Financial laziness does not get you where you want to be, so I've kicked my own butt and got busy; I've written an Action Plan to help us achieve a six figure net worth before December 2011 and everyday I'll be doing something, however small, to move us further towards this goal.
Financial Action Plan:
- Do a Net Worth Snapshot; update monthly to track progress {% increase}
- Maximise Interest; move money, make sure all savings in best paying accounts
- Amex; max out cash back, use for everything
- Money Wasters; what are they? eliminate them
- Sell last remaining clutter
- Get a job {me}
- Insurances; search for cheapest deals
- Menu Plan and stick to it
- Eliminate food waste
That's it for now. Is there anything else I could be doing?
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It's good to have a plan, and this one sounds like it will give you focus without being too restrictive.
ReplyDeletethanks RTC. I've gotten too money complacent since becoming debt free. I need to start managing our money again :-)
ReplyDelete