Why Spending Plans Beat Budgets Every Time

Spending PlansCreate a spending plan to get your finances on track. It's a great financial planning tool that's more fun than budgeting.

A budget plan brings to mind expenses we must cut in order to reach our financial goals. Just like it’s no fun to think about all the foods we can’t eat if we’re on a diet, it’s no fun to think about all the things we can’t buy if we’re attempting to set up a budget plan.

A spending plan, on the other hand, brings to mind what we can spend our money on everyday. Back to the diet analogy, wouldn’t you rather focus on what you get to eat, in what quantities and when throughout the day? Same goes for your spending plan.

Learn how to get your money on track with a spending plan using these three steps.