Smart money management also requires discipline. One way to develop that discipline is to get in the habit of meeting with yourself once a week to review and update your finances. The key is to write the meeting down on your calendar so you don’t forget. Scheduling it at the same day and time every week will make it easier to conduct the meetings.
Your financial check-in is the time for conducting important financial tasks, including:
Paying any bills that are dueBalancing your checkbook or online banking statementMaking note of any unexpected expensesRecording all recent paymentsReminding yourself of major upcoming expenses you need to plan forReviewing all expenses from the previous week to identify any frivolous or unnecessary ones
As a single mom, it can be tough to set aside the time to perform this important financial activity. But few things will do more to help you keep your finances under control.