What to do after the Awakening?
My wife and I are partners in all that we do…not that we always agree, we simply “discuss” until a decision is made. So, after some conversation… the first thing apparent was that we needed to get the financial picture in front of us clearly and honestly.
The first step was to create a spread sheet to track the income and outflow of our money. We have MS Office, so we used the program provided in that suite and designed a sheet to fit our needs. There are several different programs designed to do this task, however, when spending is on hold….use what is at hand.
Even though the picture was not pleasant, we needed to see our picture clearly and accurately. We put all of our debts, monthly payments, and assets on the spread sheet, and then we tracked our spending.
After a month of recording every thing we purchased (Imean everything), we put our monthly spendings in categories and then stareted a budget.
We now have a view of the way we spent, how we were spending at the time of our financial inventory, and how we wanted to spend in the future.
All of this led us to a new methof of spending, tracking expense,and started our journey to financial stability.