Is Your Money Managing You?

Do you manage your money? Or does it manage you?

Are you aware that over 75% of Americans live paycheck to paycheck?

Are you aware that over 80% of Americans have debt?

Are you aware that the average American spends over $3,000 at restaurants each year?

Since I had my first job, I have been tracking my spending.

But, only in late 2017 did I begin making a budget.

Now, I rebranded my budget as a spending plan.

Now, I manage my money. My money no longer manages me.

I do this so that I think about it differently subconsciously. I no longer think about how much I can spend and rather think about how much I am spending.

Psychologically, this forces me to evaluate the importance of each place that my money goes more than it had when I called the same thing a budget.

Are you aware that the average American also does not know how much money they need for a month of expenses, are you one of those?

Why?

Is that a good thing?

I don’t think so.

There are three things that I do for my finances, generally speaking. I create a monthly spending plan, I track each transaction (incoming and outgoing, yes, cash too), and I create an annual financial tracker…