December can be a very expensive month with all the holiday spending and end-of-year expenses. This is a good time to be especially mindful of our finances and begin to look at our budget for the coming new year. It’s also important to evaluate our savings and investment plans. I’ve collected a variety of resources to help you in your money management. Let’s take a look.
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Money Management Resources
I’m more of a word person than a number person so I’m not especially keen on the nitty gritty details of finance. However, it’s important for all adults to have at least basic money management knowledge.
Budgeting, savings and investments, record keeping, taxes, retirement plans…it can seem overwhelming but if taken a bit at a time we can learn to handle all of these things competently.
I’m not an expert by any means but I know how to find the people who ARE.
I read this decades ago. It was only available in three separate books at that time instead of this handy, single volume issue. Keep in mind that this was written in the 90s so the numbers will be way out of date. And some of the advice will either feel very dated or extreme. This is one of those “take what works; leave the rest” resources but it’s a huge resource and you’re certain to glean some helpful information.
Credit monitoring, banking, accounting software, podcasts and more. All free!
I really enjoy podcasts because I can listen in the car, on the treadmill or while cleaning house. I love being able to accomplish two things at once.
Our phones are with us always so budgeting apps make a lot of sense.
One of the best ways to get a handle on your spending is simply to keep a record of it. Awareness is half the battle. I am more of a pen and paper type so I like this inexpensive ledger book. Each spread contains 6 columns: Date, Description, Account, Payment (Debit), Deposit (Credit) and Totals. It’s simple and undated. A great place to start!
One popular budgeting method is the cash envelope system. Here is a good, basic explanation of how this works:
That’s just the tip of the iceberg but should give you a good start.
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