SPEND to SAVE! – Creating a spending plan!

You don’t want a budget well here’s a new twist to manage your money.

1. What is your income?
2. What is your monthly expenses?
3. Calculate and write down the difference?
4. Now put your expenses in three categories, Fixed, Variable and Discretionary?
5. Assign responsibility of who pays what?
6. Assign what is paid from each pay period!
7.  Make sure to have an emergency expense included in that list of expenses!

Follow this plan for one month with setting aside the calculated emergency expense and not adding anything that could be avoided to your spending plan. Remember to be absolutely honest with your spending register so that you can be proud of your SAVINGS!

American Financial Benefits Center