March into Money - Day Five

Finished sorting all 2011 receipts. Not very exciting, but important nonetheless. 

Looking forward to checking out HG's suggested website: http://www.getrichslowly.org/blog/

March into Money

This month, I'd like to turn my focus toward my finances. Each day, approaching my finances from a different angle and hopefully ending the month with an inspiring plan for change, progress, and a future with financial freedom.

March 1: Had a good talk with HDS to kick-off my month. Takeaway concept: focus on a future goal and work backward to determine steps, resources, and timing needed to meet that goal. Practical, good reminder on goal-based financial planning.

March 2: Research. I'm staring simple, literally, with this Real Simple article. http://www.realsimple.com/work-life/money/saving/how-to-save-on-00000000016999/index.html

March 3: Developing idea list of topics to cover this month

• Reduce spending (research strategies)
• Research philosophy/psychology of money (understand the why, then tackle the how)
• Identify all expenses and search for ways to reduce and economize
• Revisit 401k savings plan
• Revisit estate planning, life insurance levels and beneficiaries
• Establish charitable giving plan (focus giving, rather than spreading gifts across multiple organizations)
• Explore income options
• Prepare 2011 taxes
• Research new ideas
• Revisit and newly define 1 month, 6 month, 12 month, and 5 year financial plans

March 4: Research day and starting sorting through all 2011 receipts


http://money.cnn.com/galleries/2010/moneymag/1002/gallery.Best_money_websites.moneymag/index.html


 "In the living of life today, money is a facilitating energy source. With money in the tank like gasoline, you can get places you other wise couldn't go."
    - Joseph Campbell