As summer comes to a close and kids go back to school, it can be really refreshing to get back into a normal rhythm. But it can also draw attention to some new spending and saving habits that were developed over the last few months.
The first step to auditing those new habits is to be self-aware: where was our spending abnormal over the last few months, and why did that happen?
If something changed in your lifestyle of family environment and you have a new, non-negotiable spending requirement, there’s no judgement. You just will need to account for that new outflow of cash going forward.
But be honest. If the expense was abnormal and needs to get cut going forward, have the courage and discipline to make that change!
And now that your spending plan has a chance to even itself out a bit more, don’t forget to revisit, adjust and automate your savings plan appropriately.
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