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Sep 4, 2015

It took me a long time to work out how to stay on top of my finances. After a lot of trial and error, I developed the habit of doing a monthly financial review. This is what enables me to confidently manage my finances without having to think about money all the time. In this episode, I explain how you can implement your own monthly financial review. Topics covered include:
  • Habits to set up when implementing a monthly review, including dedicating adequate time (about 4 hours per month) and making a detailed checklist or task list to use.
  • Key questions to consider when designing your monthly financial review system, such as whether to use an online finance app or one that runs on your own computer.
  • Stages of the monthly financial review to implement: downloading finance data, cleaning data, inputting data, reconciling, and analysis (budget, investments, and net worth calculation)
Show Notes:

 219 How To Do A Monthly Financial Review