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Mindful Monday: Reorganize my finances

by Meagan Francis on February 13, 2012

Did anyone else fall off the financial wagon a little over the winter holidays…and then have a hard time climbing back on? A few extra gifts, stocking stuffers, or decorations, and next thing you know your budget is blown. But it’s December, so you tell yourself you’ll worry about it in the New Year. Then next thing you know it’s the middle of February and you’ve been eating out a little more often than usual, blowing $5 or $10 mindlessly, and haven’t reconciled your account since 2011…all because you still haven’t gotten around to getting back on financial track.

What, just me?

I have a hard time recovering from post-holiday letdown, and one of the biggest symptoms for me is that I resist getting back on track with certain things in my life, like keeping my calendar, desk and money organized. The good news is that I can generally have my ducks back in a row by March if I put my mind to it. And I better get going, because while my spirit loves being in holiday mode, my wallet needs more discipline!

So this week I’m going to set aside a little time every day to work on getting my finances back under control. Today I re-organized my “to-pay” and “paid” bills wall pockets. Tomorrow I’ll dust off ye olde budget and see where it could use some tweaking. Thursday is – ugh – tax day. And for the rest of the week I’ll be setting financial goals for 2012 and beyond.

Anyone else need to to reorganize your financial life right now? Or do you have another Mindful Monday intention to share?

{ 9 comments… read them below or add one }

Jennifer Fink February 13, 2012 at 2:09 pm

It’s not just you. When I sat down and looked at bills this month, I was reminded that it’s time to shift back into frugal mode. So far this month, we’re on track.

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Tragic Sandwich February 13, 2012 at 2:23 pm

We’re finally going to start a formal budgeting process, because Mr. Sandwich’s work is moving from monthly to bi-weekly paychecks. I’ve been paid monthly, twice monthly, and bi-weekly, and without a doubt, bi-weekly was the worst experience.

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Brittnie February 13, 2012 at 3:03 pm

I think we all fall victim to this during the holidays. It always seems to take a while to get back on track. Sometimes I go to the extreme and track every penny I personally spend over a new month. This helps me think twice about $5 here and there and also helps me see where I mindlessly spend money.

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Sharon at Momof6 February 13, 2012 at 3:43 pm

I SO totally hear you! It’s not even so much that I have been overspending… it’s more that I needed to come up with a new “system” of how to manage my money. So as a way of getting myself re-organized and back on track, I wrote a small series of posts over at Momof6 on “How to Track Your Money, Money, Money!”. I talked about how to get organized -should you use e-bills as a way to control the paperwork clutter, should you use an online bill pay function that is part of many checking accounts these days, and how should you keep your check register? I then moved on to what is the best way to track your money (and I decided that I like the free service from Mint.com), and the last day I talked about how to budget and set financial goals.
Sometimes the best part of blogging is using my writing as a way to get my own self better organized!

If it’s okay with you- I’ll share the link here to the third part of the How to Track Your Money series…. (http://momof6.com/mom-organization/how-to-track-your-money-step-3-setting-goals-and-managing-to-a-household-budget/). It has the links to the rest.

And good luck getting your finances back under control!
Warmly,
Sharon

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Eleanor February 13, 2012 at 3:48 pm

I read this and thought exercise and eating right. The holidays come around and it is so easy to not exercise and the yummies are so tempting. January gets here and it is so dark and cold exercising and eating right are not appealing. But I have been fighting colds and fatigue and the best cure would be to take care of myself.

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Eren Mckay February 13, 2012 at 4:47 pm

I hear ya. Every beginning of the year things get tight and it’s usually because of the Christmas madness. So many gifts to give. Since my grandma had 16 children I have a huge load of cousins, aunts and uncles too. In any case, I find that getting organized relieves a lot of my stress.
All the best,
Eren

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J February 14, 2012 at 7:33 am

Online bill pay takes the pain out of the chore. Paper bills don’t even enter the house anymore, helping out with both this mini-resolution and the de-clutter one (if there hasn’t been one yet, there will be ;). Pay all bills in 10 minutes, once a month, from the computer. Take a bit to set it up, but totally worth it. No idea why everyone doesn’t do this – especially an obviously computer-comfotable blogger :P

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Meagan Francis February 14, 2012 at 9:48 am

You’d think, huh? It’s funny though…I really like getting a paper bill for anything that changes month to month. I pay my car insurance and health insurance online with automatic draft, since that doesn’t change month to month. But when it’s something like a gas bill or a phone bill I like to get a hard copy, particularly because some of my utilities don’t do online billing (like my city water bill, for example). I like to have the same “system” for all bills of one type, so I get paper bills for utilities, pay insurance with automatic draft, etc. I’m a creature of habit :)

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Angela February 14, 2012 at 2:55 pm

You are definitely not alone in this area! My husband and I just sat down this past weekend and organized all our paper files from last year & reworked the budget. It always seems like such a huge task, but it feels so satisfying to have it done! Good luck to you as you tackle yours.

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