Is it advisable to outsource one's personal financing/bookkeeping and what are the best services?

Norma Marsalis: I have heard of such services but I would not want to give my financial information to them. Another way is to deposit all your money in an account that is hard to access and deposit only the money need in the regular checking automatically each month. Your goal should to keep your manadatory expenses, like food, shelter, fuel and other legel obligations, to 50% of your after tax income. Save 20% of your after tax income....Show more

Clemente Schoeck: You should do this YOURSELF, and do NOT outsource this....If you never learn to have a healthy relationship with money, you will do a grave disservice to your family in the long run.If nothing else, buy a cheap calendar, and when you get your bills in, log their due date on the calendar A WEEK BEFORE THEY ARE ACTUALLY DUE. All you then have to do is check the calendar, and it will tell you what bill needs to be paid when and for how muchLearn to control your money, before it controls you. Did you know ! that for every 1000$ of CC debt you carry, I can pretty much bank on that you are 5 pounds overweight?? No kidding..Learn to budget now, it will do nothing but reap many rewards over your lifetime......Show more