How’s Your Money

For the third task, ponder how’s your money, honey. Good or bad, money rules many of our life decisions. For part of the process, you will look at your finances. Pull together your financial statements for your various accounts. Possible accounts may include: checking and savings accounts, 403b, 401k, mutual funds, stocks, pension, rainy day fund, liquid cash, etc. Count every penny! Review your balances and include them in your Excel or Google Sheets document.

Next, you must determine what you need to survive financially. Saying you quit is not enough when real-life stares you in the face. Now create another document or use the attached Financially Fit worksheet to list all of your monthly expenses and income. The list should include rent/mortgage, utilities, groceries, bills, health care, entertainment, family obligations (i.e., tuition, extracurricular activities), savings plan, etc. After determining what you pay out and bring in each month, your decision will become more apparent.