Do You Ever Wonder Where Your Money Goes Or Why You Don't Have More?
In order to maintain a healthy relationship with money, we need to be aware of how we spend money. We want to make sure we are actually spending it on what is important to us. Tracking our spending and creating a budget is a first step.
Working from a traditional budget has some inherent complications because we're dealing with the past. The real power comes from is looking forward and deciding how the money will be spent in the future. Consequently, a budget or spending plan needs to be an active, working document that is reviewed and revised frequently. Our lives change from day to day so our budgets need to adjust accordingly. If an unexpected expenditure is necessary, revise the spending plan immediately, making the necessary adjustments. That eliminates surprises.