Objective: Worldwide, many of us are suffering financially from the actions of governments and financial institutions that did not have our best interests at heart. That’s unpleasant, to say the least, but that’s the past. Our success depends on moving forward with all the financial acumen we can acquire.
In month 11, we’ll put the basics of successfully managing our money into practice. We’ll learn the difference between wants and needs and we’ll begin to track our finances. Each of these steps will contribute to our financial success.
- Start a spreadsheet and track all of your expenses this week.
- Go through your week’s expenses and classify each as a “want” or “need”.
- Choose and list the three “wants” that you could most easily live without.
- Live this week without the three wants above.
Your workbook will have a complete description of each exercise. Go there to record your answers.