Today's money task is to track all accounts. Do you know how many credit cards you have? Where do you have your savings/checking accounts? What about retirement accounts such as Thrifts, 401K, IRAs, etc.?
After gathering all of the information, put in on one sheet. You can do this on the computer or write it on a sheet of paper. Do not get too "nerdish". This is the first draft! On this sheet, put the type of account, where it is located, address, phone number, account number, and other related information. Put this sheet in a safe location (You don't want the kiddies charging up the credit cards!).
Remember, this is a journey. To start the journey, you need to know where you are and what tools you have.
Failing to Plan IS Planning to Fail.
Showing posts with label money. Show all posts
Showing posts with label money. Show all posts
Tuesday, January 27, 2009
Monday, January 26, 2009
Monday's Money Tip - 26 JAN 2009
On Mondays, I plan on posting a money tip. Just to make things easy, I'm going to call it, "Monday's Money Tip". Some days it might be one tip - Other days there will be a few. I'll see how it goes.
Today's tip is one that experience has taught me. Getting out of debt is a mindset.
Yes. I am saying, that for most people, getting out of debt is a mental thing. I have heard said, "God is more interested in your journey than the destination." To me, this means that once my Salvation has been secured, God wants to know how I plan on living my life. Money is a bit the same.
Many people, if given enough money right now to cover their debts, would be in debt again in six months to a year. I know we've paid off some credit cards and turned right around and ran up the balance again. This happenned because we did not have the correct mindset at that time.
Most financial gurus recall their turning point in their money matters. It became an emotional issue that they were able to win. I don't have an exact moment. (Although, I have some recent experiences that tell me that we're going the right way.) Money has always been emotional in my families.
Take Home Points: 1. Getting out of debt is a journey.
2. Money is emotional.
Failing to Plan IS Planning to Fail.
Today's tip is one that experience has taught me. Getting out of debt is a mindset.
Yes. I am saying, that for most people, getting out of debt is a mental thing. I have heard said, "God is more interested in your journey than the destination." To me, this means that once my Salvation has been secured, God wants to know how I plan on living my life. Money is a bit the same.
Many people, if given enough money right now to cover their debts, would be in debt again in six months to a year. I know we've paid off some credit cards and turned right around and ran up the balance again. This happenned because we did not have the correct mindset at that time.
Most financial gurus recall their turning point in their money matters. It became an emotional issue that they were able to win. I don't have an exact moment. (Although, I have some recent experiences that tell me that we're going the right way.) Money has always been emotional in my families.
Take Home Points: 1. Getting out of debt is a journey.
2. Money is emotional.
Failing to Plan IS Planning to Fail.
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