New Year’s may be one of my favorite holidays. I wasn’t at Time Square and I didn’t watch any of the countdown specials. But I am a big fan of what the holiday stands for, new beginnings and a fresh start.
Last year, for the first time in our lives, my wife and I started to track our net worth. It started off well and kept us motivated to keep our finances on track. However, one big problem with our system was that we updated it quarterly instead of monthly and we didn’t have a budget. Sometimes it took months for us to realize how badly or finances had gotten off track.
This year we hope things will be different. With a fresh new year, we have a budget in place and plan to track our net worth every month instead of quarterly. By making these two changes we hope that by 2014 our finances will be in better shape.
I hope everyone has a safe and enjoyable New Year.
What will you do with your fresh start?
Photo Provided By: *Sally M*