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If you are like most people you pull out your credit or debit card day after day paying for all types of things, but then you don’t really have a way to get those into your spending plan to see if you are over spending, so these expenses act like leaks that leak your income.

Strategies for managing spending are based on taking key steps to better manage the money we have, these can apply to many decisions we will make.

The keys to Managing Money have remained unchanged for centuries but the tools available have changed dramatically. Having those tools does not replace these keys to Managing Money which is our job to do.

Why do I need to have a Spending Plan? Isn’t it just a sheet with my expenses on it? First, let’s make clear what a Spending Plan is and what it is not! A Spending Plan is a plan for how you want to spend and save the money you have. Read that again. It’s that simple! Creating your spending plan allows for a moment of realization, and can show you how to change your ways to keep your finances balanced!

Why don’t people use a budget? There are probably more reasons than those listed here but really there is no good reason not to use and follow a budget if you want to manage your spending and have money left at the end of the month!

There should be no question about what a budget should do and what a spending plan should do since they are just different terms for the same thing, “a plan used to decide the amount of money that can be spent and how it will be spent”