You don't need to make this process a dreaded date with your finances. Think of it more as a chance to dream about your financial goals and re-ignite the fire you need to make them a reality. Staying organized is the easiest way to make this process run smoothly and pain free when you visit the subject. Making sure that you are able to set goals (link to set and achieve goals page) and know the steps to get to these goals is a huge step in the right direction.

Take a good hard look at where all that money is going! Are you spending frivolously on items you don't really need or don't really use? Many people are shocked to find where they are spending their money every week. It is all too easy to overspend on things you don't really need with the attitude that it is just a few dollars. That few dollars adds up fast!

After you have taken a hard look at where you are spending your money the rest of making an assessment of personal finance consists of deciding how you can set aside money for investment or savings. Cutting down on overspending and putting excess funds into invests that will allow you to reach your long term financial goals is a great way to build up your financial nest egg. Don't panic! This doesn't mean you have to live the life of a monk. Sensible spending is not a punishment, but a way for you to achieve your financial goals. Only cut out the spending that is not bringing anything positive into your life.