02.10.2025 By Amy Miller, AFC®

Getting a Clear View of Your Finances

Too often, we make financial decisions without knowing the full picture of our income and expenses. This can lead to overspending, missed opportunities to save, and stress when unexpected expenses arise

 

When it comes to saving for what matters most, clarity is key. Whether your goal is to build an emergency fund, pay down debt, or save for a major milestone, having a clear view of your finances is the first step to success. That’s why America Saves created the Spending and Saving Plan Tool, a simple and effective way to understand where your money is going and how you can redirect it toward what truly matters to you.

Why Getting a Clear View of Your Finances Matters

Too often, we make financial decisions without knowing the full picture of our income and expenses. This can lead to overspending, missed opportunities to save, and stress when unexpected expenses arise. By taking the time to create a spending and saving plan, you’re giving yourself the power to:

  • Understand your financial habits.
  • Identify areas where you can save.
  • Set meaningful goals that align with your priorities.
  • Feel confident about where your money is going each month.

When you know exactly what’s coming in and going out, you can focus your financial energy on saving for what matters most to you.

How to Use the America Saves Spending and Saving Plan Tool

Our Spending and Saving Plan Tool is designed to make financial planning simple and actionable. Here’s how to get started:

  1. Track Your Income: Start by writing down all sources of income. This includes wages, side gigs, child support, or any other money coming into your household.
  2. List Your Expenses: Next, document all of your expenses. Be sure to include fixed costs like rent or mortgage payments, utilities, insurance, and transportation, as well as variable expenses like groceries, entertainment, and dining out. (don’t forget those quarterly or annual payments like HOA fees or taxes)
  3. Identify Opportunities to Save: Review your expenses and highlight one or two areas where you could cut back. For example, could you reduce takeout meals, cancel unused subscriptions, shop more mindfully, or incorporate no-spend days LINK to webinar? These small adjustments can free up money for savings.
  4. Set Savings Goals: Decide how much you want to save each month and what you’re saving for. Having a clear purpose for your savings—whether it’s building an emergency fund, paying down debt, or planning a big purchase—keeps you motivated.
  5. Put Your Plan Into Action: Automate your savings by setting up direct deposits or automatic transfers into a savings account. Small, consistent contributions add up over time and make saving effortless.

What Matters Most to You?

Everyone’s financial goals are different, but they’re all tied to personal values. What matters most to you? Is it building a safety net for unexpected expenses? Saving for a dream vacation? Securing your retirement? Whatever your priorities are, the Spending and Saving Plan Tool helps you align your money with your goals, giving you the confidence to take control of your financial future.

Start Today—Small Steps Lead to BIG Results

At America Saves, we believe that saving doesn’t have to be overwhelming. It’s about starting small, being consistent, and keeping your goals front and center. The Spending and Saving Plan Tool is here to guide you every step of the way.

So, what are you waiting for? Take the first step toward saving for what matters most. Download the America Saves Spending and Saving Plan Tool today at americasaves.org and see how a clear view of your finances can transform your financial journey.

Let’s work together to make your savings goals a reality—because saving for what matters most starts with you!

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Your Story Can Inspire Others!
Have you used the America Saves Spending and Saving Plan to save for what matters most? We want to hear from you! Share your Saver Story on our website and show others how small steps and a clear plan can lead to BIG results – we’ll send you $50 if we use your submission!

Your journey could inspire someone else to take the first step toward financial success!

Submit Your Story Here

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