Comments on: My single step personal finance challenge

By: Personal Finance Challenge Follow Up — Congrats Everyone!

Personal Finance Challenge Follow Up — Congrats Everyone! — Fri, 18 Jul 2008 15:06:08 +0000

[...] has committed to keeping his budget updated daily and consistently. I can identify with the feeling that probably keeps him from updating as [...]

By: Single Step Personal Finance Challenge | Bible Money Matters

Single Step Personal Finance Challenge | Bible Money Matters — Fri, 18 Jul 2008 13:48:09 +0000

[...] My single step personal finance challenge at Gather Little By Little [...]

By: Single Step Personal Finance Challenge | Moolanomy

Single Step Personal Finance Challenge | Moolanomy — Fri, 18 Jul 2008 13:02:39 +0000

[...] My single step personal finance challenge at Gather Little By Little [...]

By: glblguy

glblguy — Wed, 16 Jul 2008 21:21:01 +0000

@MITBeta – I don’t do it cause I have to, I do it because I am detailed like that. I like to know exactly how much I have in each budget category. It doesn’t take long, maybe 5 minutes, I just keep forgetting to do it.

Now that Quicken online is out, I might give it a try. We’ll see.

By: ConnieB

ConnieB — Wed, 16 Jul 2008 19:04:43 +0000

I’ll take you up on your challenge! Let’s see…what can I do to make my financial system better organized?

I think I am going to invest in some decent PF software. I have been putting it off and keeping everything in a binder, but I really need something more.

Thanks for the challenge!

By: Patrick

Patrick — Wed, 16 Jul 2008 16:30:24 +0000

I’m a big fan of breaking down complex issues into simple elements too. But I’m also inherently lazy, and I wouldn’t like to do a daily budget. But if that’s what it takes for you, then go for it! We all do things a little differently. The key is discovering what works for you. Good luck! :)

By: MITBeta @ Don't Feed the Alligators

MITBeta @ Don't Feed the Alligators — Wed, 16 Jul 2008 15:34:28 +0000

By the way, it sounds like you need a better system for managing your budget. A budget that labor intensive is a recipe for failure. You may want to investigate the Stackback budget technique as a better way to manage your budget on more of a weekly or monthly rather than a daily basis.

By: MITBeta @ Don't Feed the Alligators

MITBeta @ Don't Feed the Alligators — Wed, 16 Jul 2008 15:23:49 +0000

I wrote about this as part of my Financial Independence Day article.

By: Julie

Julie — Wed, 16 Jul 2008 12:57:28 +0000

My single step pf challenge will be to organize the physical space where I process bills and other financial info. I know I have bills lurking about this desk waiting to be paid, but right now I can’t even squeeze my son’s sippy cup onto the surface. If I had to find an EOB or statement right now to prove I’d taken care of something, I likely couldn’t (and wound up paying car taxes in a county we had moved from last year because I couldn’t find the cancelled check or receipt) so I know this is something I need to do and more importantly keep up with.

Good post. Thanks!

By: Reasons to Write a Last Will and Testament | The Wisdom Journal

Reasons to Write a Last Will and Testament | The Wisdom Journal — Wed, 16 Jul 2008 12:23:13 +0000

[...] Gibble at Gather Little By Little plans to update his budget. [...]