Conscious Spending Plan: Budget by Looking Into the Future

It's important to have an overview of your money and where it's being spent. It's possible to fit your expenses into these four categories:

• Fixed Costs (Rent, Bills, Loans)
• Important Investments (401k, Roth IRA)
• Financial Goals (Home Payments, Vacation Fund)
• Guilt-free Expenses (Dining out, Happy hour)

When you break down your current spending even further, you will be able to keep yourself sustained with this method because it doesn't take away the fun.

Since you now have an idea where your money goes and how much goes out of your account, it's good if you set up an automated system because you won't have to worry about your checking account not having any money in it when you direly need it.

As long as it works for you, then you're on the right track.

Whether it may be through a spreadsheet, an app, or a small notebook, tracking your spending is a surefire way of making sure you stay within the parameters of your spending plan.