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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.

If you'd like to use a spreadsheet program (such as Excel) to build your spending plan, click here.

If you'd prefer to build and track your spending plan on paper, click here.