GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
The same could be said offinancial maintenance.
Of course, everything about budgeting requires daily check-ins.
Every Day
- Review your expenditures.
This will help you determine how much tobudgetin each category.
It takes about six months of tracking each expenditure to get enough information to build anaccurate budget.
You want to be sure that any charges you made are correct.
Every Week
2.
If you missed any days, however, its a good idea to look weekly.
Check in on your goals.
Its also a good idea to check in weekly to see where you are in relation to your goals.
If you have a savings goal, take a look at that account at the end of each week.
If youve automated your savings (and you have automated your savings, havent you?
you’re free to also take satisfaction in seeing your savings grow every week.
Every Month
4.
Compare your actual spending to your budget.
There will always be small fluctuations from month to month but watch for any significant deviations.
If you see something that looks way outside the norm, look a little closer.
If thats the case, just note that that line item is now covered for the next 11 months.
Take a look at your emergency fund.
Does it include at least six months of expenses?
If youre still building it, ensure youve contributed something this month.
If so, make a plan to replace what you took out.
- Review your investment accounts.
Check to see if there are any investments you think you should sell right now.
Do a quick review of your 401k or IRA account as well.
And give yourself some credit for continuing to save for retirement.
As with anything that requires discipline, getting into a routine can help.
More From GOBankingRates
Share This Article:
