Not everyone has their life together, let alone their finances. Even though I’m a 41 year old adult, my personal finances are still a mess. It’s kind of ridiculous, if you think about it. Shouldn’t an adult have their finances in order by now? Maybe.
I say maybe, because finances can be daunting, and nobody wants to deal with them. I have anxiety, and doing the finances doesn’t help that. There are a lot of things that can help, though. The biggest thing I always advocate is a budget. Now, most people would do a spreadsheet or something on the computer, but I choose to keep a notebook just for this purpose. I like my budget to be written, in my own handwriting. It seems to make it more real somehow, and it keeps me more accountable, if that makes sense. I don’t use this notebook for anything else, other than my monthly budgeting. It helps me to stay on track, and not get out of the habit. Here is the one I use:
Yes, I’m putting it out there for you to see. This is everything I pay in a month. You will note, however, that my house payment is not on there. There is a reason for this! So, for about 12 years now, my husband and I have been using our tax refund to set aside our monthly house payments for an entire year in advance. We are fortunate that our payments are only $410 per month, so not ridiculous. But, by doing this, it helps keep our personal finances in better shape. It allows us the peace of mind to know that we don’t have to worry about managing that payment each month. Of course, now that our children are older, our tax refunds aren’t as much, so we will be starting to budget for those payments again. But, by using that refund wisely, it helps us to manage other things throughout the year, like weekend getaways and trips to the movies, etc.
Write It All Down
When I do the monthly budget, I write down every single bill that I pay that month, even the small ones like Netflix and such. This keeps me from having an “oops” moment during the month. I tend to write down the dates that the payments all come out, as well, so that I know how much I need to have in the bank and when.
Now, doing these things now doesn’t mean it’s what I always did. I will admit, I have filed bankruptcy in the past. I don’t feel ashamed for it. It can happen to anyone. We had medical bills pile up and we got overwhelmed with credit cards. It happens. But I learned from that, and started budgeting. It does make a difference. But, Jayhawk Advisors can help you to NOT have to file bankruptcy. They help by making their clients need a priority, and by offering a single monthly payment option with low interest rates. This can help you get your finances back on track without having to file bankruptcy. Bankruptcy can stay on your credit report for 7 years, and it can really leave a negative mark on your credit history long after that.
"Time spent with cats is never wasted." ~ Sigmund Freud