During the first post of this four-part finance blog post series we determined if a financial adjustment was needed. If you are like the other 99% of the population, an adjustment is long overdue. The good news: A financial adjustment is closer than you think and easier than you imagine.
Welcome to the most powerful and the easiest financial adjustment ever.
Last week you printed off your bank statement and determined exactly where your money has been going.
This week we will make any adjustments that we feel are necessary to make financial progress.
Follow these quick and easy steps: (Grab your Google Doc budget spreadsheet first)
- Study the Actual column from last week.
- Create a new budget that will move you closer to your financial goals. Put your new numbers in the Budget category.
- Compare your new numbers to the old numbers.
- Find the difference between the new numbers and the old numbers. (The Difference column)
- The Difference column represents the changes in your spending behavior you need to make this coming month.
Finding the difference between how you have been spending your money and how you need to spend your money in order to meet your financial goals is the easiest and most powerful way to create the changes necessary to move in the right direction.
Next week we will use another simple and powerful method to make even more progress in the right direction.
-Derek C. Olsen
The ‘His’ in His+Hers=OUR$
This four-part financial blog post series is based on the book The Four Week Financial Turnaround.
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