Get organized! What is a financial calendar and why do I need one | Way of life
Do you use online banking? Do you have certain monthly bills and subscriptions paid automatically from your account?
Do you have auto-renewing magazine or service subscriptions? If you answered “yes” to any of these questions, you need a financial calendar.
What is a monetary calendar?
A financial calendar is one more calendar to add to your current Google calendar. It will list all the things that happen automatically with your finances. You will know exactly what you expect to happen.
When you have a charge that doesn’t match what’s on your financial calendar, you’ll have a trigger to take action.
How to create a monetary calendar?
Google Calendar gives us the option of having multiple calendars.
—In the left sidebar, scroll down to “Other calendars” and click the plus sign.
— Choose “Create a new calendar”.
– Name it “Money Calendar”.
—Clicking on the three dots next to the calendar name allows you to choose a color for the calendar. I chose green for mine. For me, green is the color of money.
You can enable or disable the financial calendar by checking or unchecking the box at any time.
Gather expenses that are paid automatically:
Gather any recurring expenses you have for services or subscriptions:
—Lawn care/weed control
—Technological technical support
—Magazine subscription renewals
—Automatic shipments of dog food, baby supplies, household items, and more. from Amazon or others
Once you have a complete list, add each item to the financial calendar. Add it as you would any other event, but just choose the “Money Calendar” from the drop-down list.
For each entry, add the date on which the invoice is issued by the bank or the renewal date of a subscription. Add details in the event description part:
—The amount of a subscription renewal
—The termination procedure if you do not wish to renew
—Contact information for questions about an expense
Each of these entries will be a recurring event. The mortgage is paid monthly. Credit cards are paid automatically each month. Magazine subscriptions are recurring each year.
Enter each expense once and set the repeating pattern. The beauty of it all is that when you enter each of these elements once and set the repeating pattern, you don’t have to touch it again. Every time you open a new credit card or add a new subscription, go to your Money calendar and add a recurring event.
For more information and a demo video, go to FrankBuck.org/money-calendar.
You now have a schedule that you can turn on and off at will. Activate it and you will see all the expenses which will be automatically deducted from your bank account. In one click, you see all the details. You now have better control over your finances!
Frank Buck is the author of the Get Organized! and get organized digitally! “Global Gurus Top 30” named him #1 in the Time Management category for 2019, 2020, 2021, and 2022. Dr. Buck speaks in the United States and around the world on organizing and managing the weather. You can reach him through his website: FrankBuck.org. Follow him on Twitter @DrFrankBuck.