Get “$” Fit Challenge- September

elephantTime For the Equinox!

There are two Equinoxes every year, one in September and one in March. The equinox this month happens on September 22, 2013 at 4:44 pm EDT. The autumnal equinox will bring fall for the Northern Hemisphere and spring for the Southern Hemisphere.

During the equinox the sun shines straight on the equator and the night and day are almost equal. The earth’s axis is straight up and down. It is not leaning toward or away from the sun.

Night and Day are in balance during the equinox, but are your finances in balance? It is always important to have them balanced.

There are many ways to do this. One easy way to do it is by using a balancing system. There are many such as, Quicken or a template in Excel. Lay out a plan.

Create categories that pertain to your budget. For instance have a category title for school. Expenses for school supplies, books, computers, calculators, and clothes would fall under the category title. By creating titles you not only create a budget, but create an easy layout for each month.

Calculating how much you spend regularly and how much you pay in bills are an easy way to find out just how much you are spending in total each month.  Normally you want it to be the same or close each month. Target having some to save. These steps help you stay balance and really see how much you spend. Seeing it always helps me be aware of where I might need to be more careful.

Another way of staying balanced is by using a checkbook. With checkbooks you can easily add and subtract expenses. This makes it easy to keep track of you overall bank balance. Unfortunately, research tells us that most Americans never balance their checkbooks! That’s a scary thought!

It is important to stay balanced and to have a budget. Budgets are one key way to stay balanced and can be easily implemented. Staying balanced and having budgets are a big Financial Strategy For Life!

The link is provided as a convenience and for informational purposes only. We assume no liability for any inaccuracies, errors or omissions in or from any data or other information provided on the pages, or for any actions taken in reliance on any such data or information.

About Sara Seasholtz

Sara Seasholtz, CFP®, was voted one of "50 Most Influential Women in Charlotte" by The Mecklenburg Times in 2011, and has assisted her clients with their financial planning needs for over 40 years. Have a financial question? ASK SARA!


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