The Spending Plan

With your Spending Record in place, you should now know exactly where your money has been going for at least a month, if not more. That means you're ready to build your first Spending Plan. And why would you want to do that? Because a Spending Plan is the most effective way to:

• Set aside more (any?) money for savings or investments.
• Keep your credit card balances from rising.
• Help you become entirely free of debt.
• Show your significant other (who may not see the bills) exactly where the money goes.
• Facilitate living within your income.
• Prepare for a rainy day and handle unexpected expenses.
• Prepare for large, you-know-it's-coming expenses.
• Take back the money that's been slipping through your fingers.
• Make the absolute best use of the money you earn.
• Allow you to sleep at night, knowing that finally, you're taking coommand of your financial situation.

Sounds good, right? So let's get your Spending Plan up and running.