Lately, I’ve been concerned with my finances, but not really because I want more money. I mean, I do, but I’m financially secure right now. I love my current job and know there’s plenty of room for growth here (in fact, I just go a promotion), and I’m not struggling where money is concerned. Sure, I’ve been looking into ways to save more money and stretch a dollar, but that’s because I want to be practical with my money and spend responsibly.
So, what caused this need to examine my finances? One word. Kids.
I want to have something saved up for my kids when they get older, specifically where their post-secondary education is concerned, to give them a great start in life. They don’t care much about that thing right now. My son is five-years-old and superhero obsessed, and my daughter is a rough and tough two-year-old tomboy. Right now, the concept of college means absolutely nothing to them when pitted against Superman and the Justice League.
So, the hard work is left to their parents. I figured that we’d better start thinking about different ways to save up for their future now while they’re still very young. I’ve been reading various books about money and making smart investments. Talk about information overload, so I’m taking it one step at a time using Learnvest’s bootcamp—starting with their “Personal Finance Basics” bootcamp. The first step is to evaluate my current spending situation and eliminating unnecessary bills, find out where my money is going, before investing.
Thursday’s email from Learnvest talked about getting organized and going mostly, if not completely, paperless. They recommend creating an account with your financial institutions online site and setting up bill pay for most of your bills. Friday’s email said set up calendar alerts for upcoming bills. I’m already ahead of the pack on those since I have always done those things being the tech-obsessed geek that I am.
The only thing left for me to do is go through past statements and find out which ones I need to keep and what can be chunked. That shouldn’t be too hard either. I don’t like to have a lot of paper floating around, so I’m sure that most of what needs to be destroyed has already met its death. I’m also about to start reading The Total Money Makeover by Dave Ramsey, which I’ve been told is good for people who are financially sound and those who may be a bit troubled in the money department.
Expect some rambling here as I go down this path. I never thought I’d see the day where I was interested in learning about and genuinely interested in investing, and it’s never too early to school the children on being smart with money.