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!