{"id":4422,"date":"2021-01-11T14:24:37","date_gmt":"2021-01-11T14:24:37","guid":{"rendered":"https:\/\/scarletoakfs.webarc.dev\/?p=4422"},"modified":"2023-04-25T15:41:17","modified_gmt":"2023-04-25T19:41:17","slug":"is-your-money-really-going-towards-your-goals","status":"publish","type":"post","link":"https:\/\/scarletoakfs.com\/is-your-money-really-going-towards-your-goals\/","title":{"rendered":"Is Your Money Really Going Towards Your Goals?"},"content":{"rendered":"

Tracking where your money is spent is the first step to creating a budget. A budget finds the balance between your needs and wants, your present and future, and your current enjoyment and your long-term goals. [1]<\/a><\/p>\n

Budgets are the roadmap to how you will fund your lifestyle, your retirement, your savings, and your goals. But if you are not aware where your money is outflowing to- your spending, even when its within your resources coming in, could be misaligned with your financial goals. Tracking allows you to be intentional with your spending.<\/p>\n

If you are ready to start taking control of your money- download our spending track sheet-here<\/a>.<\/strong><\/h5>\n

At first, simply track where you are spending your money. Document it for a full 30 days.\u00a0 At the end of the month, you can review and consider where your spending does not align with your goals, needs, and wants. You now have the data to see where you need to reduce or increase your spending and savings. Then it is now time to create a monthly budget and a long term plan.<\/p>\n

Here are some guidelines for how much of your money should be allocated towards different expenses.<\/h5>\n