Spring is the perfect time to start tackling some
of your financial goals for the year. And if you don’t have any financial goals
set out for yourself thus far, it’s the perfect time to start.
It’s funny, really. This year my partner and I
said we should begin budgeting in 2019. It seemed like a great enough goal for
both of us to nail down financial stability and good practices. And here we
are, three months through 2019 without having done any budgeting.
So the other day, she looked at me and said “Can
we start our budgeting since it’s the beginning of April? We really need to.”
And I was all for it.
So here we are, just beginning. Even though we’re
late, at least we’re still sticking to the original plan. Better late than
never, right?
Budgeting is probably the best place to begin
when it comes to getting your financial life in order. I mean, it’s the basis
of everything regarding finances simply because it means if you can budget, you
can stick to the basics, and then you can start handling bigger items.
After a few months of this, I’m gonna suggest
tackling insurance that we don’t have. The two biggest ones I know we both need
are life insurance and disability insurance.
It’s probably pretty smart for both of us to grab
life insurance policies while we’re still young, single, healthy, and without
kids. That’ll help with landing a cheaper policy here and now.
But when it comes to disability insurance, we’re
a bit more uncertain on where to begin. It’s not at the forefront of our minds
when it comes to financial planning, but we both know the benefits and how
helpful it could be down the road.
So, I advise you to begin checking of your own
list of goals or at the very least drafting such a list for you and your
family. Spring means growth, renewal, and new life. Well, do those things for
your finances and you’ll see your family grow and have new life breathed into
it. While it’s not the most fun at first, you begin seeing why it’s important
to budget down the road, especially because you’ll have control over where all
your money goes and you’ll be conscious of the overspending you do when eating
out or tossing cash at entertainment.
Just like all things great in life, it takes a
bit of work at first (and discipline). Stick to it, though, and you’ll begin to
see why it’s worth it in the end.