Personal Finance: Your Finances Are Always Black and White

Have you ever had one of those moments where things that have been murky are suddenly clear? I had one of those moments recently about our finances. While we do everything we can to save, sometimes I’m absolutely horrible at the rest of it. I am easily distracted and yes, that does extend to my financial life at times. When that happens, it can take things being laid out in black and white for me to be able to see past my own thoughts and actions to what will need to be done to fix any issues.

Sometimes it can be easy to think of our financial situations as not being solely black and white. Unfortunately, they are. Your finances are ALWAYS black and white.

Recently, I had one of those experiences where my finances were laid out in black and white for me. Don’t misunderstand. Finances are always black and white. You can’t make a dollar out of thin air in other words, but there are usually certain areas where we think we’re doing just fine (gray areas) and it actually turns out that we aren’t. There aren’t any gray areas with your money. You either have what you need or you don’t. If you don’t, you do what you can to find it, earn it or save it.

Personal Finance: Your Finances Are Always Black and White

Such was the case for me when I completed a financial interview over at SUM180 is an awesome site that helps you plan your financial future in ways that you might not think of. The process of getting started is incredibly easy.

It really is that simple. For us, they noted that we were doing well in some areas, but there were three that could either be improved upon or that we had simply failed to do.

  1. We could save more money than we are.
  2. I need life insurance.
  3. Pay off our car early.

I know. No life insurance? Bad Stacy. It isn’t like we were totally ignoring it but instead, I simply forgot about it. It has been on my to-do list for a very long time now, but just seems like whenever I go to actually do it, something else pops up and I go all ooo shiney for a few minutes. The third thing, our car, is already being done so I’m not too concerned with it. We usually try to do at least three times our regular payment but it that isn’t possible, we at least double up on our payment when we can.

She'll be paid off sooner rather than later and then she'll be all mine.

                              She’ll be paid off sooner rather than later and then she’ll be all mine.

With a personalized SUM180 plan, you are given each step that you should take for your personal financial journey. From what you should do next to a spending tracker and more. Plus? The premium plan even offers time with a financial advisor at a great price! If you’ve never looked into them, financial advisors can be incredibly expensive! SUM180 offers you the chance to speak to one at a fraction of their normal rates! You can save 50% off by using coupon code SIMPLE50 when you create your account.

Once you’ve done your plan, the SUM180 community is there to help as you put your plan into action! You’ll find loads of great people around to answer any questions or help with any problems you may have. What could be better for your finances than quick and easy answers at your fingertips?

For me, having it all laid out was just what I needed. 2014 was an incredibly bad year for my family and while 2015 was much better? 2016 has been a roller coaster ride of up’s and downs. Where we had once started to rebuild our savings, the amounts that we are putting into it these days is small. Seeing exactly how little we had been putting away and exactly how much we need to put away was an eye-opening experience for me to say the least.

So now I ask where your finances lie? Will there be any surprises or like mine, forgotten tasks that absolutely need done? Head over to SUM180 and get your personalized financial plan (don’t forget to use the coupon code!) then come back and let me know how you’re really doing! Do you have any areas that you thought were gray or are you doing okay? I can’t wait to find out!

This post has been sponsored by SUM180. I was provided with product at no charge to sample in exchange for my review. The options expressed in this post are my own. I am in no way affiliated with SUM180 and do not earn a commission or percent of sales.

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Stacy Ott

Stacy Ott is the face and brain behind the frugal living and lifestyle blog Six Dollar Family as well as The Genealogy Queen and a few others.By the age of 30, Stacy had overcome an alcohol addiction, a drug addiction, divorce, survived domestic violence, and had built a life for herself and her daughter after spending 10 months in a homeless shelter. Stacy is passionate about homeless advocacy and addiction education.  Her first book, also called Six Dollar Family is available on Amazon.

I earned over $100,000 blogging last year! Click here to learn how to start a blog and make money blogging!
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