Document your Desired Spending

Now that you have identified some areas where you would like to make some changes you can look at how you tracked your expenses. Now you know what you have been spending in the different categories. If you want to lower the amount in some categories, you can see where you need to try to cut back and by how much.

It is important remember this is not about sacrifice, it is making choices to help you achieve your goals. It is also important to maintain your spending plan. Some people cut back when they get into trouble but once things start going better again, they go back to their old way of spending and may get into trouble again.

Like Dave Ramsey says “If you live like no one else, some day you can live like no one else”.