For those of you who don’t know I am a Church going kind of guy, and the Christian season of Lent, means different things to a lot of different parts of Christianity (i.e. many different views of how it should be observed). The one I like is that Lent is a time for reflection and improvement of yourself, and with that in mind, given Lent starts today, here is (yet another) chance for you to start trying to make your financial life better.
Remember that Lent is celebrated over 40 days starting today (Ash Wednesday) ending on Good Friday (the Friday before Easter). For those with an arithmetic bend on things, you will notice that is more than 40 days, but that is because you treat Sundays as a “day off”, but let us not get hung up on that one.
You have a chance to start for a short period to change your financial life (for the better, please). What kind of things?
- Decide to pay off a number of debts, or maybe just one, but by the end of the period, it will be paid off, and it will be done. Make easy goals to begin with, you can challenge yourself as you get better at things (i.e. don’t attempt to run a marathon first thing, maybe start with trying to go 1K?)
- Live on ca$h only for those days, no credit cards, and try not to use debit either. See if this is something you can do, or whether it is just too much for you to deal with.
- Rebalance and research all your investment vehicles. Is it time to start becoming a Couch Potato investor? Good time to start.
- Maybe add a fitness aspect to this, so that you are ready for your retirement. Maybe it’s time to review whether you should be using an RRSP for this, or maybe your TFSA?
- Are you being charitable enough? Lent would be a great time to start giving of your time and skills more, and it does not need to be monetary, you may have talents that community groups need.
Lent is here, let us all give a cheer?!?