Deborah’s Palm Money Matters Workshop

Thank you for attending my Where Retail Therapy Meets Financial Wellness workshop at Deborah’s Palm! Here are the bonus materials I promised:

7-Day Challenge

Bankrate created this 7-Day Challenge that I’ve modified over the years.  Follow these steps to prepare and record your expenses for this week-long exercise. I invite you to check back and let me know how you did. Remember, information is power. You can’t change what you don’t acknowledge. 

Workable Spending Plan Templates

The best template of all, in my opinion, is built into Quicken. However, if you want a paper-based template, here are a few templates to get you started. Regardless of what you use, be sure you are truthful and realistic.

  1. Spending Plan Worksheet  — developed by Michigan State Cooperative Extension 
  2. Monthly Spending Plan — from Real Simple and co-developed by Jeff Opdyke, author of Protecting Your Parents’ Money (a terrific book).  The template is simple and not overwhelming. It’s a great start for someone who is intimidated by the process.
  3. Spending Plan — the granddaddy of all spending plans. This plan is the most detailed. So beware, especially if you tend to get bogged down in the weeds.

Credit Card Pay Down Plan

I highly recommend using Dave Ramsey’s Debt Snowball Plan. It’s very motivating and I know that it works… I’ve seen clients tackle and permanently retire credit card debt. 

Recommended Reading

There are several books on personal finances and the psychology of spending. Here are four of my favorites:


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