You always see personal finance articles advising you what to do at the end of the year — but I see far fewer of them advising what to do financially in the beginning of the year. Personally, I like to do two things around now:
a) I take a “financial snapshot,” and
b) I make three or four financial goals for the year.
(Pictured: FOLLI FOLLIE Blue Stripes Wallet, available at Lord & Taylor (having awesome sales of up to 80% off today) — was $85, now $51.)
The “snapshot” was inspired by the Excel spreadsheet that I started when we were looking to buy the apartment. It’s just a listing of all of our accounts, investments, debts, and property — and it lists the current value for each of those line items. Big deal, you say — [Read more...]