Here’s another reason to track every penny you spend: When the world gets crazy and you find that your weekly financial session slips by, and then so does a second week, you still don’t fall behind. In my case, it’s been three weeks since I’ve had the time to reconcile my accounts. But because I have a system in place that keeps the information organized, it only took me about an hour to sort out the mess. Not bad.
I also took time this morning to gather my tax documents. I think I have everything, so Kris and I are meeting with our accountant this afternoon. But I’m sure, as happens every year, he’ll call to ask why we don’t have Document X or Receipt Z.
It’s nice outside, so later today we’ll do some work in the garden! Meanwhile, however, here’s some other personal finance information from around the web:
I’m a huge supporter of personal entrepreneurship. I think it’s something that everyone with the inclination should pursue. But owning your own business isn’t for everybody. JLP at All Financial Matters recently shared 9 things to think about before starting a business. I think this is a good introspective checklist for those who think this might be an option.
It’s all well and good to talk about simple ways to save money and live within your budget-but what about when that isn’t enough. What about when you are deep in debt and can’t see the way out? Jenn of Frugal Upstate and Lynnae of Being Frugal.net talk with J.D. of Get Rich Slowly about how he overcame $35,000 of debt, his 12 Key Tenets of his “Get Rich Slowly” philosophy, and how anyone can start getting control of their finances and work their way out of debt.
We’ll be recording the show on Monday at 5:30pm Pacific. You’re welcome to listen live, and to join the discussion by phoning 646.716.5529. I’d love to chat with you!
Next up, Trent at The Simple Dollar has some advice on investing with minimal risk. The current economy has shaken many people. They’re realizing their risk tolerance isn’t what they thought it was. Some folks find that they want to invest with no risk at all. I like Trent’s roundup because it includes one of my favorite pieces of advice: the best investment you can make is in yourself.
Finally, Henry at the Christian Finance Blog is holing a Presidential giveaway. He has a pool of prizes to send to a few lucky commenters. All you have to do to enter is tell him your all-time favorite U.S. President and explain why.
This article is about Spare Change