7 Reasons Why You Should Create a Personal Financial Calendar

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Don’t have a personal financial calendar? Here are 7 reasons why you need it in your life.

In this fast-paced life, forgetfulness is given. So many things are pulling you in different directions to catch your attention that you are bound to forget a few things here and there. It is natural. Your brain only focuses on what is most critical for survival and paying the phone bill or getting a kilo of onions is usually not it.

Forgetting anniversaries and birthdays is no big deal. Social media may even save the day by sending a pop-up notification.

But what if you start forgetting important things? Really important things regarding your money.

Reminders on your smartphone may be okay but a personal financial calendar is better. Here are 7 reasons why:

  1. You will never forget important financial obligations such as loan repayment, tax filing, invoice generation (if self-employed), etc.
  2. It will help you plan your monthly budget since you will be able to know exactly how much money you earn and how much you will have to part within a particular month for your financial obligations
  3. If you need to look back to find information on a particular loan installment payment date, tax filing date, etc. you will be able to do so in a flash
  4. You will be on top of your finances
  5. You will know how much you can take away from where and put them to better use. Each family member having a personal mobile plan from the same provider? Save some money by switching to a family plan
  6. You can plan for early retirement – and achieve the milestone
  7. You will not be burdened by money worries. You will have paid all the bills and saved and invested the right amount in the right way
  8. You will have a healthier life
  9. You will be able to take care of your family better

We promised 7 reasons – we gave 9. Just so you know the importance of the calendar.

It is up to you to decide whether you want to do it on a phone app or write down on a desk calendar. The important thing is to keep all this information in one place. We suggest you write it down. Gives it more importance than what a few phone clicks can do.

A personal financial calendar will help you in your quest to manage your money wisely. Agree or disagree?

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