Are you happy with where your money goes? If more of it seems to disappear than you can account for — or than you would like — you may have some financial leaks that need plugging.
Like a dripping faucet, a little bit of money leaking out in dribs and drabs may not seen like much at first, but it can add up to a shockingly large amount over time.
And no, I’m not just referring to the infamous latte factor.
Finding those leaks
Your “leaks” could be anything from a constant stream of school projects or hobbies that require regular infusions of money, to cable TV packages that you never watch.
Leaks are areas — big or small — where your money goes without you really paying attention to it.
Of course, identifying those areas is the first step to plugging the leaks. How do you find them? Look back over your recent bank and credit card statements for things that repeat regularly. » Read more