Weekend Financial Self-Improvement Activities
Many people find it difficult to manage their finances on weekdays. Between work, commuting, and/or children’s school activities, there is precious little time. What to do? Carve out one hour of time over the weekend (or another day, if your days off fall on weekdays) to do at least one financial management task.
Here are some suggested strategies. Checking your credit report should take no more than 10 minutes. Go to www.annualcreditreport.com and enter the required data or download a mail-in form. To reconcile your checking account balance, go online for the balance or use your most recent bank statement.
Net worth calculations involve subtracting the value of debts (what you owe) from assets (what you own). This will involve pulling account statements and checking newspaper ads or websites to determine the value of your home and personal property. To prepare a spending plan, project your future income and expenses.
Got a little extra time this weekend? Take some time to learn something new about personal finance or do one thing to improve your finances.