Financial Health Steps – #21: Document your spending — NMBankruptcyBlog.com

This is the twenty-first in the series started here following a 30-step program in financial literacy over at the FinancialLiteracyMonth.com website.

Here’s from their Step #21:

This worksheet will help you to identify expenses that can be reduced and prevent impulse spending.  The process may be time consuming, but it is vital to gaining control of your finances.

The worksheet is for expenses — all your expenses, fixed, variable and periodic. At the end, you will add your income.  Are your expenses more than your income? Is there not enough  money left over for your savings goals?

Earlier posts in the series: #1: Commitment to change, #2: Assess your financial situation, #3: Clearing out financial clutter, #4: Set yourself up for success, #5: Get copies of your credit reports, #6: Clean up your credit report, #7: Make your money count, #8: Identify your starting point, #9: Do You Pass the Debt Test?, #10: Set your priorities, #11: Set SMART financial goals, #12: Set short-, mid-, and long-term goals, #13: Paying down debt is a smart financial move, #14: Expect the unexpected, #15: Securing your financial future, #16: Make a commitment, #17: Save for your goals, #18: Where does all the money go?, #19: Identify and document all your fixed monthly expenses, #20: Identify and plan for periodics

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