Take financial inventory at least once year

    The new year is a good time to take financial inventory and review where we are in our personal finance plans and goals. Reviewing our current household budget and looking for more saving opportunities would be first on my list. I think it's a good idea to list assets and liabilities and figure our net worth every January. This gives us a baseline to compare to the following year. We can also use this list to make sure we are reducing liabilities and debts and increasing assets and savings.