Does your overspending get the better of you? You know you need to do something about it but there is always a Sale on, and a Bargain at the next store.
You start every month with really good intentions, or maybe you wait for your new years resolution to roll around to “save more money this year.” Just like the diet, you soon succumb to “oh just this once” and then you get buyers remorse at the end of the month when all of your bills come in.
The signs of being a spending culprit should be fairly self-evident so I won’t go into detail other than to list them:
- Your budget doesn’t add up – if you even have one. You’re spending more than you make.
- Your credit cards are always at their limit.
- You can, or do, only pay the minimum payment. This can get you into so much trouble financially.
- You splurge on buying stuff, or on entertainment, and neglect your bills.
- If your income rises, so do your expenses.
- There’s more in your wardrobe than in your bank account.
- You can’t make a start to make a change.
You may think you can’t change, but you can as long as you firstly realise there is a problem. It’s kind of like being a gambler, smoker, or alcoholic – you want to quit but it’s too hard to know how, or where to start, let alone stick to it.
The secret is to have a plan, some guidance, direction, a helping hand. When it comes to saving, or not spending, it’s easy enough to put a plan in place, but whatever tool you use must break it down for you.
To take control of your money you need to understand the flow of it: Money comes in from . . . and Money goes out to . . .
Your budgeting tool needs to show you what your finances currently look like, what simple options are available to budget, and then how you can easily save money from that budget.
Everyone talks about a “Budget Plan”. I personally call it “Your Spending Plan” because that is what we are trying to control here – your spending.
By creating a Spending Plan you can learn:
- What your expenses are to the dollar
- Know exactly what you have to spend
- How to use your credit card wisely
- And be able to take charge of your money and build financial security.
If you understand how your money flows, and you can learn that, you will see exactly what you are spending, what your expenses are, and how small changes can save you big money.
If you’re still reading this, you obviously know that you need something to help you manage your spending. I’m not saying to stop spending. You just need to be able to manage your money better.
Your Spending Plan is an online budgeting tool. It's easy to use and set up in a knowledge based step-by-step process where you’ll learn how to take control of your money, identifying where you can save and where you can spend without blowing the budget.
You'll be nurtured through creating your own personalised budget that you can follow and change as your situation and finances change. It's a valuable tool.
If you have ANY concerns about your finances and your spending, you need to visit Your Spending Plan.