When you start your journey to becoming rich or well off or even just being able to stop worrying about your financial situation, it is very wise to start by defining what you spend your money on. Is it necessary og is it unnecessary!
Once you start to log your spending like that then you start to change your spending habits. Once you see that bottle opener or automatic vacuum-cleaner you will stop and think about what to write in your diary and hence you will stop yourself before you buy it because you know it is not necessary.
When you have done the diary for about 2-3 months then you will have changed your spending into 80-95% necessary things and you can start to increase your current cash flow or your future cash flow, which ever you choose to do.
What did I buy? Where? How much? Necessary or Unnecessary?
Example:
Groceries - Walmart - $150 - Necessary
Fast food - Wendy's - $35 - Unnecessary
Get started today!
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