Wise Spending Lesson 5
Key Points
- There are a million marketing tactics trying to go after your money and bust your budget.
- When you spend wisely, you can have power over purchases.
- More stuff won’t make you more complete.
Video
Action Items
Create your second budget with Every Dollar
You wrapped up your first month of budgeting—that’s a huge accomplishment! Don’t get hung up on how many mistakes you made or if you feel like your first budget didn’t work. It usually takes three months of budgeting for things to really click. So, learn from your first budget and go create your second budget with EveryDollar.
Track your transactions in Every Dollar
Stick to the budget you create by tracking your transactions every week. Remember, when your bank is connected to EveryDollar, this is a super simple process—just drag and drop your transactions into the right categories and you’re done!
Commit to Cash
Use George’s SMART Spender guide (FPU Workbook - Page 84), follow your budget, and commit to cash so you aren’t racking up payments every time you want to buy something. Bottom line? Don’t buy anything you can’t afford! Don’t Afterpay for it—actually pay for it. This week, commit to ditching credit cards and payment plans!
Read "How to Be a Smart Spender" on Page 88 of your workbook FPU Workbook
Overspending, impulse spending and unwise spending are some of the biggest traps for buyers! Now that you’ve learned about George’s SMART Spender guide, it’s time to see how you’d use this guide in action.
Frequently Asked Questions
View this helpful resource to learn more!