Let’s Do a Progress Check on Our Savings Plan for the Year
It is always a good idea to do a checkup on the progress we’ve made with our savings and measure that against the savings plan that we make during the beginning of the year. This way, it allows us to make necessary changes if we are falling behind schedule and make sure that we still give ourselves a chance to make up for lost ground. For those who are on track (or even ahead of schedule), doing this will make us happy but for others, it might be a true wake up call where we need to make drastic changes to our spending and saving habits.
Instead of doing this analysis in set intervals, I like to do it spontaneously. The general consensus is that not having a set schedule is not good because we would forget to do this but I care so much about my savings […]
Original post by MoneyNing