TRACK YOUR DAY-TO-DAY SPENDING

The first step to creating wealth is to track your spending for a few weeks so you can know how much you spend.  What you spend money on and how much you spend is an important component of a budget. Keep track of your daily spending, whether by cash or debit card, check or credit card for 2 weeks or a month to understand where your money goes.  

Click on the image below for a printable view of the Track Your Spending form.

(Source of spending form: Federal Reserve Bank of Dallas; Building Wealth Brochure; https://www.dallasfed.org/~/media/documents/cd/wealth/wealth.pdf)