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What Your Personal Spending Analysis Reveals to You

Your personal spending analysis

If you’ve never done a personal spending analysis, you should! Like most of us, you’ll be shocked when you find out where all your money’s going.

Hear the nitty-gritty details of a personal spending analysis

The big win of doing a personal spending analysis

If you’ve never done a personal spending analysis, you were likely shocked to find where your money was going. (For us, it was the $800 a week we were spending on gourmet groceries and dining out!) But once you know what’s sabotaging your financial security, you can stop spending unconsciously and start investing in what’s important to you.

On this episode of Queer Money®, we discuss the value of doing a spending analysis to uncover what’s working and what isn’t in our financial lives. We explain the idea of spending outliers, sharing what blew our minds about where our money was going and how we realigned our spending habits according to our values.

We go on to share some of the spending outliers that surprised the students using our Credit Card Pay Off Plan and how they are using that information to improve their financial lives. Learn about the various spending analysis apps available and learn the benefits of using our free tool, the Debt Free Guys Spending Analysis.

Topics covered about a personal spending analysis

Why it’s crucial to do a spending analysis

  • See what’s working and what isn’t
  • Identify outliers sabotaging you
  • Realign spending with values

What shocked us about our personal spending

  • $800/week on groceries + dining out
  • Wine had become a big expense

Spending outliers for our CCPOP students

  • Coffee, rounds of shots
  • $1 to $3 games on a phone
  • Kid’s birthday parties

The benefits of our Spending Analysis Tool

  • You can add customized spending categories to our Spending Analysis Tool
  • You can split transactions (e.g.: wine + groceries)
  • There are no limitations on pulling back data

Resources for doing a spending analysis 


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