6 STEPS TO ESTABLISHING A SPENDING AND SAVINGS PLAN (THAT YOU CAN ACTUALLY STICK TO)
To have the best experience and walk away with your spending and savings plan complete, you’ll want to do a bit of prep work. The good news: it will be worth it — we promise!
1. Collect all sources of income. Have pay stubs, earning statements, and/or bank statements that show exactly how much you get paid. If your income varies, look at the last 3-6 months of documents to determine your baseline earnings. Include ALL income sources. Write it down and keep it handy, along with your documents, in case you need to reference them.
2. Review your pay stub and bank statements. Write out ALL of your expenses, going back at least 3 months (but preferably 6 months). Remember to include subscriptions, like Netflix or the gym.
Take note of what you spend monthly on gas, dining out, groceries, entertainment, and even miscellaneous things like cash withdrawals and snacks at a convenience store. Look at your paystub and include any direct payments to a 401K, loan payments, child support/alimony, etc.
Again, write it all down and keep it handy in case you need to reference them during the workshop!
3. Identify your financial goals. Is your goal to save more? To curtail your spending in certain areas? To be able to make a plan to pay off your debt? Know your goal for this workshop going in so that you can make adjustments in real-time during the workshop.
4. Take The Pre-Test. Don't worry, it's only 4 questions! We'll use your pre-test answers and compare them to your post-test answers to measure the impact of the workshop. Take The Pre-Test
Throughout the workshop, we’ll help you organize your finances so that you have a clear view of your unique scenario, allowing you to make informed decisions with your money.
It is crucial that you complete the prep work above to receive the best possible experience. Let’s set a goal and make a plan — together.
You can expect to:
get a clear view of your finances
set financial goals based on your lifestyle
create a personalized budget or refine an existing budget based on the tips, spending tools, and insight you will gain from the workshop.
receive guilt and shame-free helpful guidance
We encourage you to get started right away! We know how fast-paced life can be, so we’ve made the workshop “on-demand” so that you can access it at the best time for you. We even included prompts to pause between some of the tasks, so you can work on your financial plan in real-time.
We are thrilled to be part of your savings path as you take the steps to live your best financial life. We are rooting for you every step of the way!