Man, it’s like Christmas today at the Anderson household. October 20 aka Annual Financial Update Day!
We gonna order some good food, hope the kids stay in bed, and review some Excel spreadsheets together as all happily married couples do.
Honestly, a day we really look forward to each year. A time to reflect on the progress of the past year, challenges, and goals for the upcoming year. I like doing this at the end of October because there’s also enough time before year end to address anything that needs taken care of – max out the Roth if we forgot, make some charitable contributions, maybe adjust the daily automatic investments, etc.
Our annual update is mostly two items:
- Review Personal Financial Statement (PFS) – essentially a net worth statement, often requested by banks
- Make some fun goals for the coming year – travel plans, family visits, stretch goals for work or money
You can add more items if you like, but this set up works well for us. A bit of a New Year in October with the setting in of fall weather. So much to enjoy.
Hope you can also celebrate AFU with your partner, or a friend. Cheers!
