The State of the Situation!

                    

It’s a great idea to get out your calculator and consult all your accounts. This doesn’t have to be complicated. Simply make a list of assets (cash on hand or in bank accounts), a list of liabilities (debts), and a list of where your money has been going over the last few weeks or months.
You might really love what you see. Or you might not.  But, at least you’ll know where you’re at.
 With a realistic picture of your finances, you will:

• be able to create realistic goals
• be able to spend or save money in the right places
• be able to curb your spending more or direct your money in ways that will save you money in the long run. EG: paying extra off your mortgage, or taking advantage of bulk buys.

 Finding out about the State of the Situation, can indeed, be an eye opener, but, it’s good to know where you are in your finances.
Lesson 14: Take an inventory because knowing where you are is the initial step to going somewhere else.

You can see mine laid out in the page above.

Deb