In With the New

Finishing up this year well from a financial responsibility standpoint will help get the New Year started right.  So the next few postings will help position folks for that transition. 

         Know where you’ve been.  Look at what you spent and what you spent it on in 2007.  If you use an off the shelf computer program to keep track of your checking and credit cards, look at an annual summary of spending by category and look at the monthly breakdown.  If you don’t, do some monthly summaries by category using a paper spreadsheet. 

         What surprised you?  In looking at your summaries, what did you spend more on than you think you should?  What were you glad to see you didn’t spend too much? 

This will take some time to do, so give yourself a few hours to get your information together.  Then do some serious thinking about what it’s telling you.