Everyday lately has been a learning experience. Scott got paid yesterday and I got the empowering experience of tracking how our money is being spent. No really, it’s empowering. I’ve come to the conclusion in the wake of the recession started in 2008, that people are not very good with their money. You’d think that a society propelled by material wealth, we’d pay more attention to where it all went, but we don’t.
To be honest, even though I feel like I have good habits when it comes to spending money, it’s not enough to propel you into financial security. I’m one of those people that won’t use check books because I am terrible at reconciling or even knowing how much I’ve spent. As a result, I’ve never had a credit card, and I don’t have credit. It’s time to change that.
Going back to yesterday…my dad is a financial advisor, and he’s taken the time (and money) to get Scott’s and my finances in order. This includes teaching me how to use Quicken. Now that it’s all set up and as long as you keep up with putting in entries (it also has the feature of directly importing your statements into Quicken, but my bank charges for it, so I just do it manually), it is very very easy to keep track of what you’re spending.
What happens when you keep track of what you’re spending, you’re not as apt to just spend willy nilly. I don’t know if it’s that you see how much money you’re wasting, or what, but it really works. Hence the empowerment because in the past, it’s been so frustrating for me to even think about finances, that I just left it all to Scott which wasn’t a smart idea because then there was no accountability at all.
It’s so refreshing to know I can control things in my life with a little planning instead of just feeling that things were happening to me and I couldn’t do anything about it. Now I can plan to visit Scott in California, and know that I won’t have to worry if I can pay for it.
So here is a question for you (my hypothetical reader), are you good with money or do you just spend it like the end of the World is coming in October? (sorry, I couldn’t help myself haha)