Over and over again we hear, “You should have 3-6 months in your emergency fund” Like an emergency fund is a super hero here to save the day.

Okay sure. Go make your emergency fund. But what are you going to do about that credit card bill that is eating away at everything you are saving?

What about the car that is begging for new tires?

What about all those subscriptions that are costing you thousands of dollars each year?

And if you got this far you probably think I’m anti-emergency fund.

I’m not at all but I’ll tell you what you should do first.

You need to figure out where all your money is going. And by that I don’t mean track every dollar. Please don’t do that.

I mean make an imperfect plan as to where you think all of your money is going. And you can get the free pharmacist plan to stop bleeding money here.

But before you do that, do you know how much money you can spend today without going further into debt?

Here is a quick calculation to check:

Monthly take home pay – Fixed monthly expenses = Spend Amount. Divide this spend amount by 30 to get how much money you can spend each day.

Was this amount more or less than you thought? Now, keep in mind that this amount does not take into account saving for vacation, or other expenses that should be going into a sinking account.

But it does give you something to think about next time you catch yourself spending 2x this for a whole week straight.

So what do you do first? Stop bleeding money. Get the 11-Page Guide here so you can make a plan first.