Comments on: How much time do you spend with your money?

By: Tiffany

Tiffany — Thu, 25 Sep 2008 04:08:55 +0000

I am probably the extreme. I spend time every day on my finances. I’m check my checking accounts EVERYDAY…always checking to see when payments for bills have cleared. I probably spend the most time on Fridays because at my job our next paycheck is online the Friday before so I can plan out payments. While I was out of town it was actually frustrating for me to not be able to check my accounts because mobile banking is slow and I don’t feel like I’m as on top of my spending if I’m not checking my checking accounts every day.

By: Coco

Coco — Mon, 22 Sep 2008 21:20:43 +0000

I probably spend that much time counting change…kidding.
3 hours is about right. Between budgeting at the end of every month, reading financial statements, financial blogs and researching all the fools trying to rip me off, I spend about 3 hours.

By: Tela

Tela — Mon, 22 Sep 2008 20:04:15 +0000

Yes, three hours sounds good. But I think it could be cut down to two with proper pro-active management. Know your weekly net income as well as expenses and keep the expenses significantly lower than the income and save the rest. That’s how I do it.

By: Vanessa

Vanessa — Mon, 22 Sep 2008 18:07:50 +0000

I think three hours a week sounds right. I get paid on a Thursday, so that Monday, I make of list of bills, which I have made sure to keep in one place. So I probably spend about an hour a week with my money. It may go up to three hours, since I’m starting my spending diary this Thursday.

By: Product Junkie Diva

Product Junkie Diva — Mon, 22 Sep 2008 17:38:59 +0000

I think this is a great idea. I may not be on board with the whole 3 hours thing but the idea isworking for me. Sometime we gt so busy wih other things that we forget to take out an appropriate amount of time for our finances.
Thanks for this post.

By: savvy

savvy — Mon, 22 Sep 2008 16:49:30 +0000

I think 3 hours/week is a good average. Most weeks I spend way less than that (maybe an hour for downloading transactions and paying bills). However, some weeks (such as this past week) are more due to reviewing asset allocation, estimating next year’s tax liability, etc.

By: chic not cheap

chic not cheap — Mon, 22 Sep 2008 16:42:09 +0000

My money is always on my mind. I think three hours could be a minimum. I setup an account with mint.com so it allows me to easily check on all my accounts in one place. I scan the real estate section to monitor my property value weekly. Money isn’t everything but it will definitely allow me achieve the goals I have set for myself and my family.