Do you have trouble managing your money, or is it just me?
You know, I have a degree in business with a major in accounting, and I spent probably 10 years or so when I was younger working for a bank. Setting up a budget and managing a checking account ought to be a piece of cake right?
I actually think my ADHD has got a lot to do with it, but a simple checking account just confuses me.
I’ll probably confuse you by trying to explain this, but I’ll try.
In theory, you put X amount of money in your checking account each week and you pay Z amount for bills. X – Z = what you have left to spend.
OK, but almost all of anyone’s bills get paid monthly, not weekly. And your checking account balance is always changing. And how do you know on the 18th of the month if you’re on track to be able to pay everything by the end of the month? I mean, money’s always going out and sometimes coming in.
With the economy in the state that it’s in, and the prospect of lay offs always a concern for our family, my husband and I have decided that we need to get a better grip on our finances.