Use the spending log example to see how you are spending your money. You just might be surprised. As you begin to prepare for Federal retirement, it is important to make certain you are eliminating as much waste as possible. Your spending log might show you where you can cut back and perhaps add a bit more to savings.
- Also Read: FAA, Law Enforcement, and Special Federal Employee Categories—Here’s What Makes Their Retirement Unique
- Also Read: Blending Private and Public Sector Retirement Plans Is Complicated—Here’s Where Couples Get It Wrong
- Also Read: The Silent Shift in Postal Service Retirement Benefits That Could Change Everything by 2026
Personal Spending Log
|
Weekly |
Income + $ (A) |
Spending – $ (B) |
| Sunday | ||
| Monday | ||
| Tuesday | ||
| Wednesday | ||
| Thursday | ||
| Friday | ||
| Saturday |
A minus B gives you a guestimation of how you are spending your money on a weekly basis. Part of your retirement readiness checklist requires you to look at how much money you spend daily and if you can redirect some of the spending to create greater money management efficiency.
Try logging your income and purchases on a daily basis for a month. Analyze the results and decide what you can do differently with your spending.
P. S. Always Remember to Share What You Know.
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