Back to Basics – Spending

Last week we talked about income (money you receive) so this week we’re talking about the opposite: spending.

If income is money that comes in, then spending is just money that goes out.

Spending is important because it’s where you have the most control. It’s hard to significantly change your income very often; otherwise we’d all be millionaires. But you have some control over spending. Some spending is unavoidable to be sure, but it’s where we can start to make a difference in our financial habits and get on the path to financial wellness. And the first step on this path is keeping your spending to less than your income every month.

If you’re ready to learn more about spending, keep reading here. Ready to create a budget to get on track? Just login and get started.