ADVERTISEMENT

Day 2: Brain teaser for a Better 2013 Comments

  • By DailyWorth Team
  • December 27, 2012

Human Mind

It’s the post-holiday lull. You don't have to leave your comfy chair to get your brain ready for the New Year, with our four-day Money Fit plan. Yesterday we covered how to stay motivated. Today is vision.

Start with our year-end brain teaser. For the sake of argument, say you earned $100,000 in 2012. 

Now imagine that roughly 25% of your income went to taxes and another 10% to your retirement account. That leaves $65,000.

Now say that your monthly nut—e.g. mortgage, utilities, car—was about $4,000. That’s $48,000 for the year.

$65,000 minus $48,000 leaves $17,000.

Now even if your actual numbers look quite different, when you chunk them up like this, you’ll likely end up with some amount left over. Granted, this is a thought exercise, but still: Where did your extra cash go?

Don’t answer that question!

Instead, apply a more thoughtful spending lens going forward. Start now, and choose one important thing you want your money to go toward in 2103:

    • Bringing a babysitter on vacation, so you get a vacation

 

    • A 10-pack of massages

 

    • A braces account for the kids

 

  • Flamenco lessons

What’s your vision for this year? You have to see it to make it happen. 

Pay it forward. What’s most important for you and your money in 2013?

Tagged in: Spending, Budgeting

© Copyright DailyWorth 2014