A financial confession…

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Posted December 29, 2009 by Marcy Twete in Life After Five

I am bad at managing my finances. It’s not for lack of knowledge, and it’s not because I’m strapped for cash or have a terrible job that doesn’t pay well. It’s because I’m careless and I don’t think about things. I go to dinner, I buy bottles of wine for $30 that you can get in the store for $8.99. I buy clothes without thinking just because I want to. And I eat lunch out….a lot.

This is my confession. I am terrible at managing my own money. But all of that is going to change.

Over the past couple of weeks, I’ve been beginning to work with a financial planner, who is helping me budget, save money and start to become more congnizant of what I need to do to pay down debt and save money to accomplish my goals.

The biggest breakthrough I’ve had is this: write down your expenses. I lost 80 lbs writing down my food, logging my progress and keeping myself on track. Now I have to do the same thing with my finances. If I spend $1.49 on a small tea at Caribou, I write it down. If I spend $30 on gas, I write it down. I’m writing it down and budgeting and being clear with what I’m spending and why. And I’m starting to see the difference already.

Last night at Murray’s, my husband wanted to order a bottle of wine. And I said no, I was fine, I didn’t need one. I drank water instead. And y’know what, it didn’t make a difference. You see, this will be better for me overall – financially and healthfully. Avoiding a bottle of wine at dinner will save me money and calories.

Here’s to 2010 and being financially fit!


About the Author

Marcy Twete

Marcy Twete is the author of "You Know Everybody! A Career Girl’s Guide to Building a Network That Works" and a career expert who believes in order to be empowered in your career, you must be surrounded with resources and a network that both supports and challenges you. Marcy began her own networking journey as a professional fundraiser in the nonprofit industry, honed those skills as a fundraising consultant, and in 2012 networked her way to nearly 1 million readers as the CEO of the professional development website Career Girl Network.

2 Comments


  1.  
    Laura

    Good for you!! As someone who keeps really close tabs on everything financial, I know how hard it can be, but it is super rewarding to know where your money is going, and when you spend it, to KNOW that it is going to something worthwhile!




  2.  
    twenty eight

    I have been meaning to pay a bit more attention – to my intake of food and my outflow, if you wanna call it that, of money. Great post and good luck on your voyage to financial fitness :)





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