Happy New Year from Be Frugal Live Wealthy!!!

Happy New Year!!

Hope everyone had a Happy New year!!  Were you able to stay up until midnight or did you fall asleep at 10:00 pm or so?  I spent the weekend with my family in Port Angeles; we had a great time with friends that we hadn’t seen in a while.

Now that the New Year is here it’s time to  get back to work on our finances.  Did you let the tracking of your expenses go by the wayside and therefore overspend on your Christmas and entertainment?  Did your savings take a  hit because of overspending?  Do not let this take you off of your course of financial independence, get right back on your horse and keep riding!  How do we do this?

  • Take stock of your accounts – In order to pay off your Christmas and other Holiday bills how much did you have to pull from your other accounts such as savings and emergency?
  • Write down all your spending so you can assess the “damage” – This will help you see where your money has gone, what you spent on gifts, etc and help you analyze your spending habits for next year.  If you haven’t opened them you may even be able to take the gift or item back.
  • Recommit to living sound financial principles – Spend time with your family analyzing your Christmas spending and help them understand that you may have to tighten your belt a little.  This may mean cutting out on movies, going out for dinner, and other cost activities at least until you get back on track.

If you do this you’ll be able to get back on track and look forward to a happy and prosperous new year.

Happy New Year; After Christmas; I’m broke; back on track


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