It's also relatively quick to create a spending plan; you can probably do it in about an hour. Paying yourself first fits nicely into a spending plan, because it means you're going to spend money on yourself first. A spending plan should change as time goes onYour spending plan today will be different than your spending plan a year from now. You'll also want to revisit your spending plan if there's a major change in your must-haves. Just remember that your spending plan isn't a rulebook telling you what you can and can't do.

Source: CNN May 28, 2020 18:00 UTC