The following is a guest post from Michael at Money Beagle, who believes that a balanced approach to money management is the key to financial success. He blogs about many personal finance topics, from getting out of debt, to saving for retirement, to tips on staying clutter free around the house, with an emphasis on ‘personal’.
A couple of years ago, I was on a project that was part of a major construction undertaking. I can’t remember the size of the building but it was a few hundred thousand square feet.
My involvement had me going pretty much every which way, top to bottom, front to back, and side to side. Often I was there during off-hours, when there wasn’t a whole lot of construction activity going on, other times I was there during the thick of it. The whole thing was incredibly fun to watch, but one of the things I was struck by was…
…the sheer number of ladders that were around the building.
Almost every room or hallway seemed to have a ladder. Going in the stairwell. There was a ladder. Headed over to this room. A ladder. That room. Another ladder.
I actually started thinking about all those ladders.
I’m sure every individual or company marked their ladders.
Did they count them up before they went into the building? Did they count them all at the end of the project? How many companies ended up with more or less ladders than they started off with?
Whose job was it to deal with any ladders that were left on the site after all the construction workers cleared out? Did they call each company back to get their leftover ladders or did they just stick them in a storage room somewhere? Or are companies that precise that every ladder was cleared out?
It got me thinking, if all those ladders existed in this construction project, how many ladders exist in our financial worlds? Picture your financial world as a building layout. Do you know how many ladders you have lying around?
Can you account for every ladder? Where is it? What is it there for? How many bank accounts do you have? Credit cards? How many checks or automatic payments do you have on a monthly basis?
If you don’t know, then guess what? You’ve lost track of some of your ladders!.
That building has been open for around three years now.
Every once in a while I wonder just what happened to all the ladders in there.
Do you work to simplify your finances? If necessary, would you be able to round up all of your financial ladders?