By John Conroe
Do you wait for May to take down your holiday decorations? Coast up to the gas pumps with your tank on empty? Put off grocery shopping until the only food in the fridge is leftover meatloaf? Then chances are you’re a procrastinator.
When it comes to managing your finances, procrastination can put you at risk financially and keep you from reaching your goals. If your financial checklist seems overwhelming, remember that you don’t have to do everything at once. Performing tasks throughout the year can make managing your finances easier.
The Winter Months.
Reviewing and updating your spending plan in January can get the year off to a good start. Track last year’s income and expenses and adjust your plan accordingly. Determining your net worth—your assets minus your liabilities—at the same time each year provides a snapshot of your finances.