As a finance professional I am often regarded by others as someone that knows money. I’ve spent the last decade learning principles of accounting, investing, budgeting, cash flow management and other financial planning techniques. I spend most waking moments analyzing financial statements looking for opportunities to improve the financial position of my organization. I also spend a number of hours each month reviewing my personal financial statements.
It is funny how different my attitude is toward my personal financial decisions during the day compared to what I do at work. When I’m at a cash register for lunch or at the grocery store I often pay little attention to the amounts that I am spending. I consider myself a frugal person but I know that these are where my weak spots are—food. It is very easy to deviate from the monthly budgeted amounts, and most of the time I feel little remorse until I come back and review my personal financial statements. Reviewing my Personal Financial Statements each month allows me to know how close I am to reaching my goal of financial prosperity.
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