Here’s week 1 of 12 Weeks to Fiscal Fitness. This week I detail how to create your personal finance binder. You can listen to the podcast below and read the article I previously wrote entitled How to create a financial binder.
There are a couple of audio glitches in the podcast so don’t be alarmed or think it’s your mp3 player. It turns out I need to disable my screen saver while I’m recording. Also, I compressed this podcast more than last week to keep the file size down. Please let me know if there are any compatibility issues playing the podcast.
I’ll be providing some additional resources for newsletter subscribers later in the week including:
- List of accounts form
- List of Bills form
- Decision form
- Savings goals forms
- Net worth spreadsheet and screencast – UPDATE: I may delay this to a later week because it may take too much time with the other assignments.
Here’s a link to the Annual Credit Report site where you can get your free yearly reports.
Man I look like a smurf in the video below. I’ll have to work on my lighting.
Your assignments this week are as follows:
- Create your personal financial binder. Don’t worry about filling out all the information in the binder. Instead, just make sure you’ve created the binder and fill in as much information as you can.
- Start using cash exclusively in three budget categories: one that each spouse chooses and in the grocery budget category.
- Try to automate as many of your bills as possible. See if you can get on an even-payment program for your utility bills (specifically gas and electric).
As always, leave your comments, experiences, and questions in the comments below. Let me know how the assignments are going. Are they too hard and confusing? Are they too easy? Do they help?
HERE’S THE PODCAST:
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