Spending on a spectrum
This activity will help you identify areas to make changes to your spending.
We all have different priorities for what we spend our money on.
It's important to:
- Write down your common expenses ( or use your spending diary or bank statement ) and record how important they are to you, and how easy they are to manage.
Fixed = These are the expenses that cannot be easily changed. They come regularly and are always the same amount.
Variable = These expenses change weekly, such as food, entertainment and gifts. They're easy to overspend on, and difficult to manage.
Use this template as a guide.
| Purchase/Expense | How important is this to me? (Low to high priority) | How easy is this to change or control? (Fixed or Variable) |
| E.g. Electricity | High | Varied across seasons, have some control. |