Comments on: Take a Financial Health Day to Organize Your Finances

By: MyJourney

MyJourney — Wed, 08 Jul 2009 16:28:04 +0000

FLEXO! NO WILL! COME ON BUDDY YOU ARE BETTER THAN THAT (CAPS ON PURPOSE).

http://www.myjourneytomillions.com/articles/category/will/

By: Dan

Dan — Wed, 08 Jul 2009 02:47:09 +0000

I would also highly suggest integrating these types of items into your to-do list. Obviously these items don’t need to be done every day, or even every month, but just by doing very brief “maintenance” on these items once or twice a year you can avoid things building up to the point that you feel you need a “fiscal health day” just to catch up.

For example, if you check your credit report through annualcreditreport.com every four months – using one of the three major credit bureaus each time – you get a free (if delayed) form of credit monitoring. Or, if you make a note to check your online money market account every six months to make sure it offers top rates, you’ll be sure to get a good deal and save a lot of time by avoiding rate-chasing.

Obviously this stuff isn’t rocket science, but it’s human nature to do something once, then forget about it until it reaches some critical point that forces you to deal with it again someday. In the long run, you’ll save a ton of time if you do routine maintenance frequently rather than allowing it all to build up.

By: Dan Holt: Laid Off

Dan Holt: Laid Off — Tue, 07 Jul 2009 23:24:30 +0000

Great advice. In the Get ready for your next employment paragraph, I would add that you should contribute more to your emergency fund (living fund for us unemployed people) until you have saved around 12 months of expenses. Put that in the high yield savings account. If you are laid off, you’ll be happy the money is there, even if you find a new job in 2 months.

By: Flexo

Flexo — Tue, 07 Jul 2009 21:56:20 +0000

Fixed. I would not be opposed to a day dedicated to a candy bar, though.

By: Bobby

Bobby — Tue, 07 Jul 2009 21:40:33 +0000

You need to correct the typo in your headline: heath > health

By: Matt Jabs

Matt Jabs — Tue, 07 Jul 2009 19:21:59 +0000

Excellent idea that I have never heard mentioned before.

Another reason to consider taking a day off work to accomplish these tasks is that banks & other financial institutions will be open. A lot of times, when you actually do have time to get financial matters in order… the institutions are closed.