Personal Finance Monthly Status Check: 13 Tips To Master Your Money And Improve Your Finances In 2020

With the close of another month, it’s time to do my standard personal finance monthly status check. It’s a basic review of the fundamental areas of my finances that I’m sure many of you do as well in your own fashion.

I’ve been doing this routine for the past couple years. Why do it do it? When I was first looking to get my finances on the right track it really helped me take control of my money and broaden the understanding of my financial situation.

68% of Americans would rather talk about their weight than their money. Out of sight, out of mind. That’s not the approach I want to take with my money. This monthly status check helps keep finances at the forefront of my priorities.

Some might say the monthly status check below is too often or has too much active management. Others will say it isn’t enough and I should be doing more.

Personal finances are personal.

That’s something we need to always remember. No two situations are the same and what works for one person, may not work for another. This list of items on the status check won’t mirror your particular financial situation. You might have rental properties, children, a small business, insurance premiums, tax management obligations, diverse investments or other differences.

Ideally you’re putting your finances at the forefront of your priorities too. Or perhaps this motivates you too and you can take from it what will fit your own situation.

These are 13 things I do at the month’s end to stay on top of my money.