Over the past two and a half years, this crusade has been able to reach tens of thousands of people. I was recently reflecting on the top things that I see most commonly lacking in folks’ financial plans. So here are the top five things I see lacking..
Part One A monthly written spending plan
Anyone who has been through the Financial Learning Experience saw this one coming! It really is unbelievable how many people walk through life without a financial plan. We will plan like crazy for our proms, weddings, child’s birthday party, and a vacation, but we do not take the time to plan the one thing that funds all of those!
If you are operating your life without a written spending plan, I know one thing about you. You could substantially improve your financial management simply by preparing a written spending plan every month.
There are a ton of FREE budget tools located on the Tools page (HERE). Of course, you could accomplish the same thing with a pencil, paper, and calculator. If you do not have Microsoft Excel, set up a Google Docs account, save the free file to your desktop, and then upload it to Google Docs.
There is no excuse for NOT having a written spending plan every single month. None.