Step Five Track where your money goes

Track where your money goes

How often have you put your hand into your purse or wallet and come out empty handed then thought, I'm sure I had x amount there. Tracking where your money goes is a key step in staying financially well. As we say in the book, "You wont know where your money went if you didn't tell it where to go"

Here are a few of the lessons taught in Step Five:

• You can learn to control your money instead of it controlling you
• Track what money is coming in (to the cent)
• Track what money is going out (to the cent)
• You won’t know where your money went if you didn’t tell it where to go
• It’s important to understand how to read a pay slip
• You need to know how to read and understand a bank statement

Step Six