This evening I spread weed and feed on my lawn.  As I was doing that I thought about finances (which I find myself thinking about pretty much all of the time when I’m not thinking about anything else).  Finances needed to be weeded and investments most certainly need to be fed.  Weeds grow in our finances in areas that we don’t maintain.  They can come in the form of constant expenses or they can show up over night in the form of unexpected bills.  As things come up you need to keep your eyes peeled for what may be ahead.  The emergency fund can help with those things.  You do have an emergency fund, don’t you?  Its money that sits there ready to tackle emergency needs.  Once its been dipped into you need to replenish it, and then get back to your previous financial focuses.

Investments, much like lawn, need to have the right nutrients built into them.  If your investments return too low a return then you’re going to need to add something to their soil mixture can let the water soak into the soil and then the grass can grow  This may be involve changing your investment portfolio to have less fees involved with trades or any number of things that allow your money to work without distractions from brokers or fees.  If you get bad stocks or investments you have to nip them in the bud and refocus that money.

Whatever you’re doing with your finances, don’t let them just go wild - that’s a garden of weeds and fungus waiting to happen!

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This entry was posted on Wednesday, August 8th, 2007 at 7:33 pm and is filed under Investing, Money Management, Outside the Box. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. No tag for this post.