Spending Plan

Why should I create a spending plan?

Creating a spending plan can give you a break down of the big picture on where your money is going.  Creating a spending plan gives you the right tools to make choices that allow you to stop endlessly working for more money, and instead, make your money work for you.

Having a plan allows you to make informed choices on what to purchase or how much to save, helps to reduce money-related stresses and anxiety, and can also help you build your assets and reach your financial goals.So the real question here is, why shouldn’t I create a spending plan?

 

Picture of why spending plan. 4 reasons, choice, self control, reduce anxiety and building acess

Stop by the MoneySmart Lakers office to discuss your own personalized spending plan today!

timeline of creating spending plan. Track spending, then find income, then identify expenses, then adjust numbers and follow your plan


Picture of needs versus wants