It's the middle of summer, and everyone is out enjoying their last month of vacation before heading off to school again! September really is the start of a new year for most people...I think we tend to think of summer as being the grand finale of good times to top off the year, then it's back to school and another year has begun. It's a time when people often get reflective about their dreams or their goals or the direction their lives took over the past year. Now is a great time to do a little self-evaluation when it comes to your finances. Here's some questions to ask yourself:
1. Where am I financially (income/debts/assets/etc)? Is it where I want to be?
2. What do I need to change in order to get to where I want to be?
3. Am I spending/saving with a plan for my money?
4. Have I set some goals to help me get to where I want to be?
5. Do I have someone holding me accountable to my goals?
If your answer is "no" to most or all of these questions, you could be heading for a financial train wreck. If you're ok with that, then by all means, keep doing what your doing...no sense changing something that's working well for you, right? But if you're not ok with that, now is the time to make a change. Get a grip on your finances once and for all, before the new year begins. If you want to know how, give us a call or read the blog series "Road to Financial Freedom" (July 2008).
