Don’t think you’re good with money? Think again. You are good because it’s proven in these 8 ways to confirm that you are a financial genius.
No more denying the truth
You qualify as a financial genius if just one of the following applies:
- Pay yourself at least $10 per month before paying others (you are first on the list)
- Set up automatic bill pay through your checking account (that’s genius in itself)
- Organize paying bills so you don’t incur late charges at least 98% of the time
- Calculate numbers on your fingers when necessary (totally acceptable)
- Know where to find and how to work the calculator app on your phone
- Can spend down on your debit card without overdrawing
- Operate an always warm, lit, and food-stocked household
- May have to pay a finance charge but pay on time to skip the late fee
Hold your head up and be proud.
Taking care of financial business
Every month you organize, calculate, and handle your money. You might process everything once a month, or perhaps you handle finances every week because that’s how your money flows. Whatever way it’s done, you get it done.
I complete similar financial processes and know for sure that I’m in the financial genius category.
I was in charge of savings and bill payments during my marriage. Now that I’m alone, I still handle it. Some months it takes a bit more effort. I move money from one account to another when I cannot get to the bank on time. When that happens, I use a phone app as a note to remember where to replenish what was borrowed from another account.
Smart money moves
Every month, a specific amount of money is transferred from my checking account into savings. That system works well, and every six months, I evaluate if it’s time to increase that transferred amount.
My bills are sorted according to date due and placed in a 31-day organizer purchased years ago. The organizer sits on my dresser, and as bills arrive each is opened, reviewed for accuracy, and entered into the proper slot so I know when to pay.
I still receive most bills by mail for the reason explained in this article. Before year’s end I will update my homeowner’s manual with creditors’ names, account numbers, and other documentation. I vow to not throw my family into turmoil wondering where the bills are if I suddenly pass away.
Wrapping up 8 ways to confirm that you are a financial genius
It’s okay if you had difficulty understanding math when you were in school. Most of us can say the same. However, look how far you’ve come. Now you maintain a tremendous, and sometimes complex budget.
As said earlier, it’s not always easy, but you complete this goal so you can breathe easier and maintain a great home for you and your family. That’s a powerful accomplishment, so celebrate with your beverage of choice, and give yourself permission to be labeled financial genius.
What else do you calculate, organize, and accomplish?