We kick off the DIY Financial Planning series with Cash Flow;  where is your cash flowing to once it comes into your account?

I know, this is not very exciting and maybe daunting to do, but it’s so necessary!  Not to make you feel bad about how you spend your money, but to manage the money that comes to you.

Money is hard-earned and it likes to be managed, that is a sign of appreciation for it and gratitude, which means you’ll get more of it.

There are several benefits starting with Cash Flow:
1.  You’ll see subscriptions you no longer use but have forgotten to cancel
2.  You’ll see categories of spending and their amounts
3.  You’ll change what’s not important to you

Micro-Actions  –>  Week 1
1.  Download activities from all accounts for 1-4 months in CSV (Excel) format
2.  Put all activities into one spreadsheet

Micro-Actions  –>  Week 2
1.  Download the Cash Flow Analysis Template
2.  In the spreadsheet put the category name. For example, Groceries, Dining Out, or Shopping
3.  Sort the spreadsheet by the category column and sum up the dollars related to each category and put it in the template

Did you see any patterns?  Any spending that doesn’t resonate with who you are today?

Cash Flow Analysis Template
https://mailchi.mp/radiantwealthplanning/cashflow

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Podcast -> Your RADIANT Life & Money Show