Financial Health Steps – #25: Document your desired spending —

This is the 25th in the series started here following a 30-step program in financial literacy over at the website.

Here’s from their Step #25:

Now that you have identified some areas where you would like to make some changes, it is time to revisit your Expense Worksheet.

When you have to or want to make changes in what you have been spending, you can use the Expense Worksheet to help.  There’s a column for your “adjusted” amount, i.e., the amount you want to spend, not the amount you have been spending.  Keep your priorities in mind — this is about meeting your goals, not about depriving yourself.

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, #21: Document your spending, #22: Identify ways to reduce spending, #23: Save money on groceries, #24: Share a tip for change

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