Daily Aid 56: Preparing for 2009 Part 1 – taking stock

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Daily Aid 56: Preparing for 2009 Part 1 – taking stock

29 December 2008 1 views No Comment

Daily Aid 56: Preparing for 2009 Part 1 – taking stock

As 2008 rolls to a close, I wanted to take some time this week to share some ideas about how to get ready for 2009. The year ahead holds incredible promise, unfathomable danger, and everything in between, and the best opportunities will be available to those prepared to take advantage.

Get your budget in shape!

One of the most important things you can do in advance of the New Year is to get your budget in shape. Do a simple one page budget – a cash flow analysis – that will help you understand exactly what’s happening to your money on a regular basis. If you haven’t done so, go back and listen to the One Page Budget episode.

Start using accounting software

There are a ton of great, free services out there for managing your finances – Wesabe, Geezeo, Mint, and many more. Ask around, then find the service that fits your personal working style the best and get started. Using software like these is the single best way to have someone else do complex analysis on your finances and make recommendations.

Get organized for financial aid

As we roll into 2009, the 2009-2010 FAFSA should be top of mind. That said, you need to take the time now to gather up your FAFSA materials and get your PIN from the Department of Education if you haven’t already. If your state offers a free College Goal Sunday program, sign up now.

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