Did you spend a lot of time gathering records for the second lesson. If so, you will want to start some sort of recordkeeping system. I'll have some ideas for you later in this lesson.

Today, we want to concentrate on finding some of those spending leaks in your budget and see what can be done about them.

Does your paycheck always seem to run out before the end of the month? Is it possible you could be wasting $10, $15, or $25 or even more a month? If you have answered "YES',then it's time for you to take a look at your spending habits and also those of your family. Take a few minutes to answer these questions with a yes or a no.

DOES YOUR FAMILY. . .

1. Decide on needed items and plan how much can be spent BEFORE going shopping ?
2. Always use a shopping list ?
3. Buy only planned for items?
4. Compare price and quality before buying, especially on expensive purchases ?
5. Use credit only when it is necessary ?
6. Return poor quality or defective items to the seller ?

If you have answered 'NO' to any of these questions, it shows there are some spending leaks you can correct by improving on some of your shopping habits.

What's My Problem?

You've probably already discovered a few of your problems just by answering the previous questions. Other reasons why some people can't seem to get ahead are:

• Impatience--they want it right now.
• Impulse buying
• Getting into too much debt
• Lack of self-discipline in saving money so it can work for them.

What are your spending habits? Are any of these reasons keeping you from getting ahead?

If so, you will want to work towards breaking those habits. Spending habits can be changed You need to :

• identify the spending leaks giving you immediate pleasure or satisfaction, but don't help you reach any of your financial goals.
  
  
• substitute desirable spending behaviors that may not be immediately satisfying, but will help you reach your financial goals.