Friday, April 24, 2009
They say 28 days makes a habit. Well, I thought I’d try out the theory by committing to reviewing my finances every single day.
Here’s my account:
Day 1: logged into my Mint. com account and reviewed my expenses.
Day 2: did a whole bunch of things, none of which included looking at my finances.
Days 3-7: did more stuff--very important stuff--but incidentally did not look at my finances.
Day 8: went grocery shopping and thought to myself while looking at my receipt, “boy, I’m not doing very good at this whole finance thing, am I?”
Days 9-10: enjoyed the weekend, and yes--did review my transactions
Day 11: stared mindlessly at my pile of bills and bank statements, thinking “why does adulthood require so much paperwork!?” Then I stacked them neatly in a pile for my attention at a more convenient time...
Days 12-14: still waiting for the more convenient time...
Day 15: clearly have to reset to Day 1 again...
By now you’re probably judging my hypocrisy for writing so much about budgeting and my former life as a banker while simultaneously flunking Budgeting 101. What can I say? I need help just as much as you do!
The truth is that it is easy to say I’m going to do the right things when it comes to my money, but it is much harder to do them. I get busy. I get stressed. I get overwhelmed by all the paperwork. Sometimes I get afraid of what I’m going to see (“I spent what on clothing last month?!”).
Practice Makes Perfect
But I’m convinced that practice makes perfect. And clearly I need the practice. Lots of it. Good thing that budgeting is popular during a recession!
What about you? What motivates you to keep track of your dollars and cents? One of my friends said her motivator is guilt--feeling very guilty about debt. Does that sound familiar? Maybe it’s something else? Share your thoughts by commenting below.
Previous Related Posts:
Can I Get a Pulse?
Kickin' my Budget into Gear!
The New Midas Touch