Spending Plan Budget Counseling
Control Your Money, Control Your Life
Budgeting, or a Spending Plan, is essential to being financially competent. It is a component of any debt solution.
Knowing how to properly set up and implement a Spending Plan is the first step towards financial freedom. Learning how, however, is only part of the story, a part called financial literacy. The execution of the spending plan is called financial competence.
Personal Financial Planning
Financial planning is commonly associated with savings, investing, and estate planning. However, everyone should be doing financial planning with the assets they control:
- Ability to generate income
- Income generated from work
- Application of the income asset
- Resourceful application
- Application measurement
- Application evaluation
- Application improvement
Personal Financial Goals
Of course, there is no need to plan, if you don’t care where you are going. The guy who said “I spent half my money on beer and women, and the other half I just wasted!” probably didn’t have the same goals as you.
Ask yourself: What do I want?
Personal Financial Literacy
All of your financial goals will be unreachable unless you first live within your means. Hence, learning about budgeting, or a “Spending Plan”, how to develop it, use it, evaluate it, and improve it, are the foundational principles of financial literacy. It is a critical tool for creating and maintaining your financial health.
Personal Financial Competency
The execution of a viable Spending Plan is fundamental to success. Planning without execution is just dreaming. The execution process means followthrough with the plan. After setting goals and planning, you must track performance, evaluate results, and implement improvements in your planning, and the process repeats. As it repeats, you become better at it, eventually becoming habits that will benefit you now, and the rest of your life, as well as your family.
Our experienced, accredited counselors can help you understand your options and plan for the future in order to reach your financial goals. Call 888-995-7856 for a free consultation, or start with our Spending Plan publication, or complete our online Financial Review and a counselor will examine the information and contact you.