If you’re serious about improving your finances, reviewing them monthly is non-negotiable. A regular financial check-in helps you stay on track, identify problem areas, and set new goals.
Step 1: Set a Review Date
Choose a consistent day—like the first Saturday of each month. Treat it like a financial appointment.
Step 2: Gather Your Data
Pull bank statements, credit card bills, investment account summaries, and any receipts or budget logs.
Step 3: Review Income vs Expenses
Use a budgeting tool or spreadsheet. Were you over or under budget? Which categories spiked unexpectedly?
Step 4: Assess Savings and Debt Goals
Check if you met your savings target. Did you reduce debt? If not, why?
Step 5: Evaluate Net Worth
Track your assets minus liabilities. Seeing progress over time is motivating, even if small.
Step 6: Adjust for Next Month
Cut excess in overspent areas. Set new, achievable goals based on the past month’s data.
Step 7: Reflect
Ask: What worked? What didn’t? What changes will make next month better?
A monthly financial review takes just 30 minutes and keeps your money working for you, not against you.
