One of the lamest excuses for not actively managing your money is "I don't have the time to plan". As Terri Cullen asks, "Some cheese with that whine?"
Seriously, she has written a great piece for the Wall Street Journal Online on Finding Time for Personal Finances. A key point I'd especially like to highlight:
"Sure, managing money is time-consuming, but technology has increasingly made mundane tasks easier, leaving more time to focus on big-picture planning."
This goes along well with Flexo's advice yesterday.
And it really doesn't take much time to manage your finances properly. Terri says:
"For my finances, that means scheduling a few hours once or twice month to tackle big decisions (researching where to invest for college, comparison shopping for insurance, updating my will), grabbing a half hour each week to take care of at least one routine duty (ordering a free credit report, dealing with paperwork for flex-spending account reimbursements), and grabbing a few minutes every day to fix problems and keep an eye on the books (monitoring accounts online, disputing a credit-account charge). And, thanks things like automatic bill payment, occasionally someone else shoulders the drudgery for me."
Check out the rest of the article at the Wall Street Journal Online, then get to work. All it takes is a little bit of time to set yourself on the road to financial freedom.
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