Once you make a smart money goal, you don't stop there.
You need a plan to make the goal happen. Specifically, you need to create and follow a spending plan.
We'll show you how with what we call the Knowl's simple five-step...
... spending plan plan.
It will help you keep track of your money so you can make your goals a reality.
To start, we need to mention....the dreaded B word.
That's right - Budgeting. This word may bring to mind things like cutting coupons,
sofa-diving for quarters, and never having any more fun in life.
But when done right, budgeting isn't actually about restricting yourself - it's about PLANNING.
And taking control over where your money goes, so you can put it toward the things that matter most.
This is why it's called a Spending Plan. And making and following one is simple.
Ok, there are five steps in the Knowl's Five Step Spending Plan Plan... First, Know your income
Then, Figure out your fixed expenses
Third, Set your savings goals
Fourth, Calculate what you've got left
And finally, track, test, and adjust.
We'll go through these steps in more detail in the course.
And once you understand and use them,
you'll find you'll have a lot more control over where things go and what you do with them.
So, what are we waiting for? Let's get started creating a Spending Plan.