Welcome to 2020 it’s time to stack some money up.

Using a monthly budget to spearhead your financial planning will set you up for success. Budgets help you plan how to use your financial resources to support you and your family, and save for your future. By using a budget, you will be able to see where your money went at the end of each month and/or where you want to put it in the future. You will be able to use your budget each month to ensure you don’t miss sources of income and can plan for your expenses and savings goals. But, before you can set up a plan to budget, you have to know where your money is going.

When I started my journey of being financially literate, I had to take a hard look at my finances. That included looking at bank statements and tracking my cash transactions. I took notice of how much I was being paid, how much money I borrowed, and where I was spending the most money. I quickly realized I did not have any money management skills. I was buying random things before paying my bills and was in debt. I am still correcting money mistakes from my youth. 


For example, I was able to say okay I spend $70 month on coffee, and I am coming up short $10 every month, can I forgo two days of getting coffee so I can play my bills by myself and not have to borrow $10.

I did not eliminate coffee, but I knew I only had room to spend $60 on cafe coffee and a bag of store-bought coffee to brew at home, on the days I would not be stopping at Starbucks (non-affiliate).

And that is the key, you don’t have to make drastic eliminations, but adjustments to reach your financial goals, ya dig.

Jump start your financial tracking with the FC Spending Diary

Free Download: Financial Cues spending Diary