Thursday, November 18, 2010
Happy Thursday as the sun shines and cool weather has set in.
Today's question seems simple enough... "When driving to work this morning did you happen to look out of windshield of your car or did you only use the rearview mirror?"
Silly question right? It would be terrible if everyone decided to use their rearview mirror to drive all over town. I think my friend Kevin would have a lot more work in his industry as an auto insurance adjuster!
Financially how are you driving? Do you know how much you've spent every month, feel comfortable about that and use the past month's expenses to know exactly the amount it took to make it to the end? This would technically be the same as driving using your rearview mirror. Some people even write out their "budget" and have expenses marked down on a nice spreadsheet and track them very clearly. This is a step in the right direction, although we are still focusing on where we've been and not where we're going.
Click Here for Aaron's Zero Balance Budget Tool -on the Resources page at TrueNorthFFC.com where I've uploaded my Zero Balance Budget Tool and some other great documents to help you get your financial ferrari on the autobahn!
Now we have to be honest here... Not everyone is looking out the windshield or the rearview... some are wearing a blindfold and mashing the gas! The results of this plan of driving are obvious. The car gets beatup, rides really rough and sometimes causes fender-benders with others out there on the road. By downloading my budget form and filling it out, we take off the blindfold and know where we are at. Seeing on paper how much we have coming in and going out helps us to know if we should slow down some spending or plan to pull into a service station!
Posted by Aaron Nichols at 7:28 AM