As part of this blog, I am going to share things that I have done to improve my financial well being. So, I'll focus on real world practical decisions that need to be made on a daily basis. I'll highlight my thought process, and why I chose to go down one path or another.
Over time I hope to cover the following topics.
1. Where you are today, and where you want to be
- How much do you make
- How much do you spend
- How much do you save
- How much do you have saved
2. Cutting your expenses - Big Ticket items
- Your home
- Your Transportation
- Insurance
- Credit card/debt strategies
- Taxes
- Investments
- Saving for College
3. Cutting your expenses - Smaller Items
- Subscriptions
- Banking
- Communications
- Food, clothing, and household goods
- Entertainment
4. Preventative Steps / Defensive Strategies
- Your Credit report
- Multiple income sources
- Insurance - when you do and don't need it
- Maintenance
- Your health
5. Monitor your progress and Re-evaluate
- Have rates gone up?
- What's the market doing?
- What's happened to home prices in my area?
In the end I hope to have documented many of the things that I have done (and should have done) to help my personal financial picture.
