Track your spending
Series: Money Fit Club (Part 5)(Part 4) (Part 3) (Part 2) (Part 1)
The next step in building a strong financial foundation is finding out where you are at.
The Vancouver courier reports in 2019 that over half of Canadians are living paycheck to paycheck. When I have done premarriage life coaching, one of the exercises I have the couple do is track there spending. It is best to do for two to four weeks to allow one to get a good understanding of what is going on.
Many of us do not like looking in the mirror. However, unless we are willing to face what it looks like, we can not reach our goal.
Tracking your money is essential as we begin to tell our money what to do.
To help you with tracking your money. You can download right here an excel budget tool, and you will also get access to the walkthrough video.
Action Steps
1)Download the free excel budget tool and watch the video
2)Begin to track your money for 2-4 weeks. Four weeks is a good way.
3)Do a Financial analysis.