It’s time!!! It’s time to see where all of our money is going! For one month we will track every expenditure. Buy a small notebook and begin keeping track of the money you spend. For instance— December 8th groceries $132.23, Lunch $7.93, and so on. Make sure to take this little notebook with you everywhere and record every penny you spend. Please do not include Christmas purchases. That will not show a normal month. And, by next year we will be paying cash for Christmas. No more putting our Christmas purchases on a credit card and paying it off for the next six months. Next year we will be prepared by saving and planning for extra purchases. By keeping track of where our money goes for a month, we will begin to see our habits and how we can better control our finances. We want to get to the point where we CONTROL our money versus our money CONTROLLING us! We will learn that it is not the money we earn that is important but the money we spend. This will be very eye opening and beneficial to see where our money goes and how to begin our budget.
As we track where our money is going, we will be able to make a plan to cut excess out of our lives. That will make a huge difference!! Many of us believe that we can just take on an extra job or figure out a way to bring in extra cash to make ends meet. We will never get to financial freedom until we learn to live within our means.
Ok friends, get busy. Buy a notebook and start keeping a record of the money you spend!
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