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How To Pay Attention To Money

By Steve Stewart

How much attention do you really need to give to managing personal finances? Here are 10 ways we pay attention to our money - and most of it doesn't involve a lot of time:   Always: Check remaining budget balances before spending. Daily: Enter transactions into your checkbook/software/YNAB Monthly: Balance checkbook/YNAB Monthly: Set up budget (again, we use YNAB) Quarterly: Review investments and retirement plans Annually: Rebalance portfolios and contribution amounts Annually: Reassess emergency fund balances   Tax Season: Review "giving" categories Occasionally: Think of money-saving ideas as they come up (cell phone, irregular purchases, etc) Life Events: Health, Car, and Life Insurance annually or when there is a life event (job change, new vehicle, pay raise, etc…)   Have I left anything out? Go to MoneyPlanSOS.com/155 and leave me a note

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