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Where to Start When Your Financial Ship Is Sinking

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It wasn't until the last perfect storm hit, and our financial ship began to take on water, that I started looking for leaks.

In general, I consider myself a fairly frugal woman. So you can imagine my surprise this week, when I discovered how much money has trickled out with little notice or concern.

With a critical eye, I began to go over all our expenses using online banking. When I did, it became clear that many seemingly small amounts of automatic debits were draining us a few dollars at a time.  The amount of those little debits here and there was significant enough that I really should have done this a long time ago.

At first, I thought I needed to create my new budget. However, it quickly became obvious that cutting costs had to come first if the new budget would be realistic.

So, I spent the week plugging dollar-size holes.