Sunday, April 24, 2005

How do I check the debt on The Fiancial Fence®

"The person who doesn't know where his next dollar is coming from usually doesn't know where his last dollar went." - Unknown Author

Each time you complete The Financial Fence® you should check the debt in the closing post and make sure it agrees with your banking records. You can do this by finding your bank statements, credit card statements and any other borrowings that you have and make sure the total on the fence is the same as the total of all your net borrowings. If not , you have likely understated your expenses for the period and need to adjust them.

"Challenges are what make life interesting; overcoming them is what makes life meaningful." - Joshua J. Marine

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