It’s been a busy few months. Between home improvement projects, a new job and some travel, I haven’t been keeping a close watch on our finances. We’ve spent five figures on irregular expenses since May which is just plain crazy. Therefore, Mr. Savvy and I have set aside a date to review the ’state of the union’. We will take a look at our past spending as well as planned future spending and figure out how best to optimize our bank accounts, credit cards, etc. We both have reward cards and debit cards, we have both individual and joint accounts and it’s getting to be a lot. Our homeowners insurance just went up as well so there’s definitely work to be done.

How often do you seriously and completely review your finances? I would suggest no less than once and year. You may discover ways to save money or ways that you’re just plain wasting money. After our state of the union, I will post the decisions/changes we make. I invite you to do the same.