How a Spending Plan Empowers You
Wouldn’t it be great to have enough money to live your life to its fullest while still putting away plenty for a rainy day? You can turn this goal into your reality if you’re willing to create and stick to a spending plan.
A thoughtful spending plan enables you to make financial decisions that support your values, dreams, goals, and peace of mind.
With a spending plan, you see exactly where your money goes, which helps you spend less on items that don’t fit your life’s priorities or core values. As a result, you have more money to spend on things that matter to you.
Knowing where you spend your money is the basis for financial empowerment.
If you think that having a spending plan is tedious or complicated, you may be pleasantly surprised. It’s easier than you think. When you work with a spending plan, you create a habit of healthy spending and saving to support you in pursuing your dreams.
How to Create Your Spending Plan for Financial Security
Contrary to popular belief, planning out your expenses allows you to experience more freedom. A simple spending plan ensures funds are available for spontaneous pleasures and planned (and unplanned!) expenditures.
The first step in creating your spending plan is to gather the items you’ll need. Among them are your bank statements, bills, and information about how much cash you have available. It’s also helpful to know how much you’re spending on necessities like food and gasoline.
The spending plan you create can be as simple as writing it down in a notebook or a spreadsheet on your computer. The important thing is that it helps you track what you spend and keep your financial life organized.
To create the right mindset about your spending plan, reflect on:
- How much money you have right now
- What you’re spending your money on
- Where you can cut back
- What you’ll gain by spending less
- What you want to save for
- Your goals and plans for the future
When you know what you want and where you’re going financially, you can create a plan to help you get there. Don’t be afraid to dream big and budget for joy.
Using a Spending Plan to Meet Goals
When you know where you’re spending money, you’re more likely to achieve your financial goals.
Break your big goal down into a series of smaller goals to keep from getting overwhelmed, especially if dealing with finances feels paralyzing to you. The sense of accomplishment as you achieve these small goals will keep you moving forward. Baby steps are allowed!
Also, remember that it’s okay to adjust your plan. You don’t have to do everything perfectly from the beginning. Know that it probably won’t be perfect. That’s okay! The effort to get your finances under control will lead to peace of mind and security in the future if you stay organized and adjust your plan as you go.
Your spending plan is the first step to the financial freedom and peace of mind you deserve.
Knowing where you spend your money empowers you. It gives you options, and it gives you a fantastic sense of financial security.

Hello, I’m Patti! I’m a Christian Life & Money Coach, Ramsey Solutions Master Financial Coach, Health Coach, writer, and former retirement planner. I’m also an award-winning co-author of She Writes for Him: Stories of Resilient Faith (Redemption Press), and prayer warrior, serving on the prayer team at my local church.
My mission is to provide inspiration, coaching, tools, and resources to help you claim all the goodness and abundance God has for you.