Why Spending by Category Reports Matter


At You Need A Budget, we are always encouraging you to deal in the present and focus forward. We teach you to budget with just the dollars that you have right now. It’s a shift for most people – but a powerful one.

Today — and for the next couple Wednesdays — I’m going to talk a little bit about the value you can derive from reports. And there is value there, but not at the expense of being grounded in the present and remaining forward-looking. That’s important.

Poring over reports, in and of itself, is not really doing anything, but if you can derive new truths about how your reality intersects with your values, you have learned something that could inform positive change, and that gives you an opportunity to improve. Also important.

 

If you can’t wait until next week for more whiteboard wisdom, you can view the entire library here. If you have a question or an idea you’d like us to address in a future Whiteboard Wednesday episode – we’d love to hear from you! Email us at [email protected]

Until next time…