A spending plan is an effective tool for controlling debt and serves as a financial guide. It lets you know if you are heading in the right direction and are on track to reach financial goals such as buying a home, sending a child to college, or preparing for retirement. In addition to being an effective financial guide, a spending plan allows you to measure your progress on a regular basis and implement changes as necessary.
How can you free up money, spend more wisely and reap the financial windfall? Break your bad spending habits. I’ve long believed it’s less about how much you make and more about what you do with what you make.