In late February, as I opened the property tax envelope from the county tax assessor, I had that same “dang it!”sinking feeling I recently had in the middle of a big box hardware store.
As I stood there looking and dreaming about a new table saw, my life went in slow motion as the quart of Cherry Red paint floated out of my hand towards the concrete landing pad. And yes, with impeccable accuracy and timing, the contents of the can found the canvas of my boot and the third aisle of the tool department.
When property tax notices hit your mail box in February, get ready, because it’s a “dang it!” moment. A quick review of my bank confirmed my fears: the check I had written at the end of December hadn’t cleared, which, by the way, is not the tax assessor’s problem. Yes, I am still responsible, even if the check was somehow lost in the mail.
But wait a minute.
I always reconcile my bank statement within days of the month ending. I preach this stuff.
Bingo. I didn’t practice what I preached. My bank account hadn’t been reconciled in two months, which made me one of the 94% of Americans who don’t reconcile monthly. After $260.87 of penalty and interest charges, my property taxes are now current.
Not exactly living like a wealth builder producing uncommon wealth, is it?
But I did get a great idea for a blog: 8 Calendar “To-Dos” for an Uncommon Life!
And here they are:
DAILY 1. Personal reflection– For me this is an early morning time of prayer, reflection and Bible reading. 2. Spouse, family and/or a friend time– Quality intentional time that is set aside for those important to you. 3. Exercise– Make it a priority to exercise (or just move) 30 minutes every day.
WEEKLY 4. Worship– At least once a week connect with your brothers and sisters in corporate worship. 5. Small group– Get in a small group of trusted individuals you can share life with. 6. Team “Business” meeting-Schedule a 30 minute “life” meeting with your spouse to discuss/review your week. If you’re single, schedule a meeting with yourself.
Why balance your checkbook?
→Banks make mistakes; deposits are credited to the wrong account; checks are clearing from other accounts; debit card charges are improperly recorded or falsely charged.
→It creates awareness of how your money is being used.
→You can catch errors in your register; like a property tax check that never cleared (!)
→It eliminates bank overdraft charges that can occur when you make mistakes.
→To stay informed of bank charges that help you make the decision which bank is best for you.
*If you use credit cards, a monthly review also applies. Always treat your credit cards like a debit card; pay them off monthly.
** Need a little help with your bank reconciliation? This is a good article fromWealth Pilgrim: How to Reconcile a Bank Statement in 5 easy steps.
The best way to be intentional with your time is to plan how to use it.
By placing these 8 common sense daily, weekly and monthly happenings on your calendar each month you’ll be pointing your wealth building in the right direction. A direction that not only yields wealth, but uncommon wealth that produces an uncommon life full of joy.