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    The Spending Plan
    The Spending Plan
    The Spending Plan
    Ebook67 pages41 minutes

    The Spending Plan

    By iMoneyCoach

    5/5

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    About this ebook

    Because it is often misunderstood, budgeting has gained a bad reputation. We are here to turn that thinking around and show you how vital budgeting is to successful financial management. As you uncover all the expenses you face, discover how to be prepared for all your expenses, and learn how to track and control spending, you will see that it is not such a daunting process. The best, most successful companies keep budgets to the penny because they understand the importance of knowing what money comes in and what goes out. You too can be successful in keeping track of your hard-earned money. In this book we provide explanations for the driving factors behind our spending and how to maintain rewards in our lives. We give you the tools to prioritize wants and needs as well as plan for periodic expenses like car repairs, medications, Christmas, and vacations. You can achieve your financial goals, and this book will help you do so by showing you how to create a budget that works with your life.

    LanguageEnglish
    PublisheriMoneyCoach
    Release dateFeb 6, 2011
    ISBN9781458190178
    The Spending Plan
    Author

    iMoneyCoach

    iMoneyCoach exists to reclaim America’s Financial Freedom and bring people to a place where they can honestly say, “I love my life!” We believe that money is the smallest part of your finances, and in order to make your finances work it is important to examine the different areas of your life and create balance.We have a variety of ways to help you do this, including books, workbooks, a proven debt elimination system, a free online resource center, and our online interactive financial training courses. See http://www.imoneycoach.com to learn more and take the first step towards improving your financial future.”

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      Book preview

      The Spending Plan - iMoneyCoach

      The Spending Plan Workbook

      ~

      A Complete Budgeting Resource

      By iMoneyCoach

      Published by iMoneyCoach at Smashwords

      Copyright 2010 iMoneyCoach

      Discover other iMoneyCoach titles at Smashwords.com

      Smashwords Edition, License Notes

      This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

      Table of Contents

      Introduction and Workbook Summary

      Section 1: Organizing Your Financial Records

      Section 2: The iMoneyIn/iMoneyOut Spending Plan

      Section 3: Tracking

      Section 4: Adjusting Your Plan

      Section 5: The iMoneyCoach EZ$ System

      A Few Final Comments

      Introduction and Workbook Summary

      Money Management Plays a Key Role in Our Lives

      Money and money management play a key role in all aspects of our lives.

      From going to the store, to mowing the lawn, to taking the kids to school, almost everything we do influences, or is influenced by how we handle money.

      A spending plan is a wonderful tool and one of the first steps to taking control and improving how you handle money. We want your money to be working for you, not against you.

      The goal of a successful spending plan is to learn to live within your means and allocate some income to savings. A spending plan is the same as a budget.

      It is a simple fact that you will never reach financial freedom until you succeed at living on a spending plan.

      If the summit is financial freedom, a spending plan is the path that leads you there.

      Creating a spending plan need not be a daunting process. When you remove the emotion from it, it is really simple arithmetic.

      Let us look at why it is so important…

      Reality Check: Spending plans get a bad name, undeservedly…

      A spending plan is a concept that has been around for some time but does not have the best reputation. This is because it is often misunderstood.

      Review the next section for some common misconceptions about spending plans and to understand the realities.

      4 Common Myths about Spending Plans

      MYTH #1

      A spending plan is confining.

      REALITY #1

      False. A spending plan can help you preserve your lifestyle AND pay off debt while saving.

      MYTH #2

      Sticking to a spending plan means not being able to have the things you want.

      REALITY #2

      False. A spending plan can help you get the things you really want instead of frittering away your money.

      MYTH #3

      Spending plans are for poor people.

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