Self-Care Challenge (Day 154): Reviewing Finances

A white piggy bank

At least once a year, my husband and I meet with our financial adviser to review the health of our finances. It’s a lot like visiting the doctor for an annual physical. We discuss the future, review our goals, and assess how well we’re tracking toward those goals.

It’s a simple task that invites us to take a breath and remember why we work to earn money in the first place. (It certainly isn’t just to pay the bills.)

Taking time to evaluate our current and future needs allows us to make adjustments in our behaviors — spending, saving, giving, and earning. Of course, there’s no way to predict precisely what challenges we may face as we enter retirement, nor can we predict the shifts within our political or cultural environments, but we can make smart decisions based on what we know today.

Finding a balance between spending and saving isn’t easy, but that’s why it’s important to take time to regularly review our habits. Periodic check-ups prevent unhealthy spending behaviors from continuing, and it helps us make better decisions about how to plan for future needs.

How do you monitor the health of your finances?

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