Starting the New Year Off Well: Jump Start Your Money Confidence.

I have been following personal finance blogger Penny Golightly for quite a while now – I like her no-nonsense attitude to managing your money – and as she has published a new book to help you get to grips with your money and feel more confident in making financial decisions. I thought that I would use the start of the New Year to try it out for myself.

I’m at the end of my first week using Jump Start Your Money Confidence, and so far, so good.

Jump Start Your Money Confidence is set very handily into a task a day – great if other personal finance books seem daunting. There is a simple task to complete every day, requiring varied amounts of time, to get you thinking about how you use money and what your attitudes to money are.

The tasks for week one include making a spending diary, identifying which debts you have that need to be addressed first and creating a coherent filing system for your financial documents. All of these are discussed in detail, using Penny’s years of experience in personal finance.

I’ve found the breakdown of tasks to be perfectly suited to me – I flag when I have to read pages and pages of non-fiction, but the one to two pages once a day and a task to complete fits in with my temperament and my schedule. I have kept a spending diary before but, having let it go by the wayside, it’s great to pick it up again with fresh eyes.

We are in the lucky position to be able to skim the debt section, as we don’t really have any that are worrying us, and we were also able to skip the filing system, as we already have one in place, but I love the idea of a coin jar, so I have set one up for all my shrapnel (1p, 2p, 5p).

That’s it for this week, but I will be back next week to keep you up-to-date with week two.

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