Lending Club Blog

Why You Should Be Doing a Quarterly Review

Your personal expense plan is most likely set up on a monthly basis – the majority of your bills (credit card, mortgage, electricity) are monthly, and your income most likely comes monthly or biweekly. Also, if you’ve been keeping up your expense plan for a while, you most likely already spend some time each year looking back at how your investments performed and how much you were able to put away as savings. But what about your plans over the next several months – how can you track those?

Consider corporate budgets, which are reviewed monthly, quarterly, and annually; for publicly traded companies, official financial statements are released to the SEC for each quarter and year. This perpetual cycle of aggregating, analyzing, and releasing financial information forces companies to keep their budget plans squarely in focus, and it allows them to regularly view how they are doing versus short-, medium-, and long-term financial goals.

You can see the value of applying a similar, if slightly less complex, practice to your own financial planning. A review of your spending and saving every three months is a great way to do 3 things:

  1. keep track of how you are doing on your goals
  2. make sure that your budget still accurately reflects your monthly expenses
  3. add flexibility to your goal-setting

Generally, a quarterly review helps you analyze your finances because, while one month may be unusually expensive, three months of data will represent a pattern.

Relying on the calendar year as the start of your quarterly cycle, then, the end of First Quarter 2009 will be March 31st. Plan to set aside a little bit more time than usual at the end of this month, and when you examine your monthly budget, take a look at January and February as well. Were any expenses consistently higher than you had predicted? Were you able to save more or less than you planned? Are you now 25% of the way towards your year-end targets?

Once you’ve analyzed the first quarter, take a few minutes to set some goals for second quarter. These goals can be whatever you like, from reaching a milestone in your annual plan to saving up some extra cash to spend on your summer wardrobe.

What are some goals you could set for next quarter?

Saturday, March 21st, 2009 at 12:46 pm

Comments (0)


Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

Get ready for tax season! Lending Club Now Offering TurboTax Integration for Form 1099s

Read More »
February 12, 2016

Lending Club Reaches $16 Billion

Lending Club’s facilitated more than $16 billion in loans… Read More »
February 11, 2016

Credit Performance Update

Summary: Credit performance of our standard program is coming… Read More »
February 7, 2016

New Infographic on Small Business Financing

Check out our latest infographic on the state of… Read More »
December 17, 2015

More Data Coming for Investors

We’re always seeking feedback and looking to make the… Read More »
November 10, 2015

Lending Club Surpasses $13 Billion

Check out our updated infographic to see what a… Read More »
October 29, 2015

Lending Club Launches Multi-Draw Line of Credit for Small Businesses

We’re excited to announce the… Read More »
October 16, 2015

Bloomberg Markets Names Renaud Laplanche on its 2015 “Most Influential” List

Read More »
October 6, 2015

Congratulations, Carrie! Named 2015 Financial Woman of the Year by The Financial Women of San Francisco

Read More »
October 5, 2015

Congratulations to Carrie Dolan – Named one of American Banker’s 2015 Most Powerful Women in Finance

Read More »
September 22, 2015


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w