Purposeful Spending:  A (Mostly) Painless Way to Take Control of Your Cash Flow


Three Simple Steps 


Three Months


One Simple Tool:  “The Spiral Spending Manager”—a fancy name for a small, pocket-size spiral notebook.


Step 1:  For 30 days, write down every penny you spend in a small, pocket-size spiral notebook that you carry with you all the time in a pocket or purse.  Every expenditure must be recorded, regardless of form (cash, check, credit card, debit card—whatever) and in whatever


At the end of 30 days, add up expenses by category and evaluate.  


Step 2: For the next 30 days, record every penny you spend by category.


At the end of 30 days, add up expenses by category and evaluate.


Step 3: Create a “Spending Target” for each category, record each penny you spend by deducting it from that category’s target amount.


At the end of 30 days, evaluate and adjust.



“You can never get enough of what you don’t need, because what you don’t need won’t satisfy you.” --  Dallin H. Oaks, American Jurist,
University President, Church Leader

Debt-Free Living:  The Foundation of Financial Independence

Four Simple Steps

Monthly Commitment

One Simple Tool:  “The Get-Out-of-Debt Worksheet”


Step 1:  Stop digging the hole deeper.


Step 2:  Write each debt, from smallest to largest, one per column, on the worksheet.  Pay the minimum on all the rest, pay as much as you can on the smallest debt.


Step 3:  Each month, write in the new current balance for each debt.  Don’t be tempted to reduce your overall payments on debt reduction.

Getting Out of Debt


Step 4:  When the smallest debt is paid off, roll over that payment amount toward the next-smallest debt.  Repeat the process until all debts are retired.

Purposeful Spending

and Debt-Free Living

Personal  Asset Advisors