Click on this for the purty version: http://us1.campaign-archive1.com/?u=8af40d15ad33147eaf0126f1b&id=149c2fee4d
It’s a Money Nerd Gold Rush this time of year… 2016 taxtime AND 2017 quarter 1 wrapup!!!
Here’s a good gameplan for what to make sure is taken care of, $$-wise.
1) Did you set $ goals for this year? If so, how’s your progress coming along? If not, it’s not too late to set some goals for the rest of the year!
(Feel free to send me your goals and/or progress update. I love that stuff. firstname.lastname@example.org)
2) Have your taxes been filed? (If not, here is a helpful article for business owners who are doing their own tax prep. http://barbarafriedbergpersonalfinance.com/small-business-tax-preparation-checklist/ )
3) Is your predictive spending plan done for April? Meaning, the budget numbers are in writing and match at least roughly what you know you’ll earn. I’m getting ready to do mine in YNAB after I send this to you. #swoon
If you’re still wanting to get started (or re-started) with a financial tracking system, know that pretty much any of them can do the job. Choose one that makes your eyes relatively happy and go with it. You know I love http://www.ynab.com, personally. I also recently was impressed with LearnVest’s free budget tracking tool. (Note, though, I have no recommendation about their ongoing planning services that the tool is meant to sell, since I don’t have experience with that.)
4) If you’re self-employed, have you set aside money to pay quarterly estimated income taxes? We’re asked to send in either what we paid last year, or 90% of what we think we’ll owe for this year’s time period. (A quarter is just 3 successive months. So Q1 is Jan/Feb/Mar.)
5) Have you made follow-up attempts to those who owe you money? I’m amazed how much earned money is just sitting out in the world unclaimed.
6) For your household finances, are you clear with who you live with about the places your money intersects? Any cleanup conversations to have, or new desires to express about what you’re wanting to create financially? (I do recommend making sure the other person is in a place to receive a conversation like that. It always seems to help to start with, “Would now be a good time to ask you a question about our money?” If it’s not, find out from them when would be a better time, and then make sure to follow up.)
Speaking of household finances, some of you have heard me rave about my experience with Simple Bank. Good news, they now have a method for couples who share some financial responsibility. http://bit.ly/SimpleSharedAccount This is a potentially great answer for those of you who want to have some joint finances with good visibility, as well as have your own accounts for the private portion of your spending.
GOOD LUCK with this stuff. Fortune favors the brave. Please don’t hesitate to reach out to me if I can clarify any of this stuff. I know it can be intimidating at times, but my experience is, if you just keep going, you WILL get awesome results.