All tagged money management
You can never be truly prepared when a spouse or partner dies. Don't be afraid to ask for help during this time. Keep in mind that the grieving process takes time and takes on so many different forms. On top of the heavy loss, there's also the need to contend with the current to-do list of life. This list focuses on the financial aspect, but as we know life is more than just about money, so please don't hesitate to find yourself the necessary therapy to help with your healing.
Let’s talk free money.
More importantly, is there such a thing?
In this post, I break down some potential areas for you to get free money and what the catch is. Some will be worth doing.
“A map tells you where you’ve been, where you are, and where you’re going — in a sense it’s three tenses in one.”
Today, I thought it might be interesting to share our money maps. Basically, this is a snapshot of how we handle our money and where it’s going. Money maps provide a quick visual into the flow of your money. For someone with many accounts, this can be a good way to track and ensure things are in the right place. Money maps can and should change over time. As your money goals change, your money map should change with you.
A money journal can be a diary of sort that tracks your daily spending habits. It may be a list of expenses. It may be a list of money goals and your progress. It may be a list of debts. For many, a money journal can just be a ledger of money coming in and out. Instead of relying on an app, Excel or monthly statements from a bank or credit card, a money journal can be a record of accounts. A money journal can be started on any plain notebook. The most important thing with a money journal is to do it consistently. This is where you will learn to see patterns on spending or doing deeper, patterns on emotional spending. It’s imperative that you review your journal often and write down your thoughts and feelings about recent money moves. This will inform you of where you money mindset is at this point in time.
A man is not a financial plan.
I recently read an article on Yahoo! News "Confessions of a Divorce Lawyer" where a divorce lawyer runs through some of the common mistakes that her clients run into. The number #1 mistake was "People don't know enough about their spouse's finances." This is the kind of thing that drives me crazy.
