A friend asked me a hypothetical question the other day.
If your house was a disaster, you had unexpected company (say your mother-in-law) arriving in five minutes and you only had time to clean one thing, what would that be?
I chose vacuuming the floors. Even if everything else is a disaster- there are dishes in the sink, toys scattered everywhere and the bathroom’s a mess, having clean floors would make me feel in control of the situation. Conversely, if my floor is filthy I have very little motivation to clean the rest of my house and it gets worse and worse and worse.
My budget is the same way. If I check my online bank accounts every morning, I feel in control of my budget, no matter how much money I have, and am less like to spend money on impulse. If I go several days without looking at my statements, I develop a devil-may-care attitude. I lose touch with my money and my financial house becomes just as dirty as my real house.
How about you? What helps you to feel in control of your finances?