answer the questions
For a consecutive 5 days track your spending:
- Day, date and time
- Place
- Amount Spent
- What you purchased
- Want or need?
- Emotions associated with purchase
Analyze your spending
- Do you notice any patterns?
- What do you notice about your emotions?
- Do you regret making any purchases?
- Do your spending habits contribute to your stress? If so, what changes can you make?
- What are two insights you have gained?
Plan for the future
- Use the SMART format to write two personal financial goals
- Write out two goals that are:
- Specific
- Measurable
- Action-oriented
- Realistic
- Time-based
- (ie I will deposit $50 from every paycheck into my bank account for the next six months)
- (ie I will spend a maximum of 10% of my paycheck on entertainment this month)
- (ie I will only spend $150 this month on eating out)
