7 Steps to

Bad Spending
“Hadriana is thoughtful, knowledgeable and approachable... Hadriana was able to offer practical
tips and useful information in a simple, easy -to-understand manner, turning what can be an
uncomfortable conversation into an open and honest dialogue on how to achieve your goals.”
Abigail S

Did you know that the ultimate result of bad spending decisions is debt? And the most frustrating
thing is that it’s so hard to get out of debt once you get into it!

It was not that long ago that I was where you are today —looking for answers and not knowing
where to begin. Well, thanks to the work that I have done for my own debt recovery and the
work I continue to do with clients, I can confidently say that this a good place to start.
The tips that follow are part of a proven system for spending correction and debt reduction.
Putting them into practice will help put a stop to the actions that lead you further and further
into disastrous money situations.
Turn the page and let’s begin!

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 First things first, preparation will save you a pretty penny. Instead of
going to the mall to see what you see, go because you need something
PLAN and you know specifically what that something is.

AHEAD The template below can be created as a note in your cellphone for quick
access or jotted down as a handwritten note whenever you are getting
ready to head out.

Shopping Mission Task List

Item 1 Where to Purchase Anticipated Cost

Groceries No Name Emporium $235.00

Dinner Town centre mall $45

$280.00
TOTAL

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 Put boundaries around your spending by setting limits.

SET So, for example, knowing that you need a pair of winter boots for this
season, you might decide to put a spending limit of $100, taxes included,
BOUNDARIES on this purchase. With that decision opportunities will open up.
1. Certain retailers may be eliminated because experience can help to
inform you where to go looking, thereby saving you time.
2. You can be vigilant for seasonal deals that
could allow for the purchase of an Spending Limits
investment piece within your spending Item 1 Max Cost
limit.
Boots $100
3. Creativity will allow the exploration of
Patio set $315
alternatives that meet your needs and align
with your spending limit.
Set some limits and see how creative you get!

TOTAL $415

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 Thinking that you can get a Rolls Royce at a Hyundai price is wishful
thinking. Recognizing competitive prices will help you to set your
BE expectations, plan for your expenses, and recognize a real deal when

REALISTIC you see it. Paying a low price for garbage is just as regretful as paying
too much. First consider what you want, then research where you can
find it for the best price.

Feature Research Price Research

Features Store 1 Price Pros/cons
Item
Must Have Nice to have

Average Price

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 Okay, so you’re not literally sleeping on it, but you’re taking some time
to think through the decision, considering pros and cons, present and
SLEEP ON future impact, etc.

IT Sometimes sleeping on it takes days, weeks, even months. The idea is to

quell the immediate impulse and give yourself some time to think. Some
questions you should ask include:

Do I still want this?

What do I like about it?

Can I live without it for now or forever?

Will this mess up any other payments?

Can I afford it?

Is this a good value?

You should only spend once you can look yourself in the mirror and be happy with the purchase you will make.

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 What’s love (or any other emotion) got to do with it? Most of the time,
too much!
PARK YOUR Acknowledge the emotional components of spending decisions but do
EMOTIONS not let emotions lead the decision-making process or worse, not even
realize that emotions are taking the lead.
What are the possible repercussions of using your money for emotionally
driven purchases that you later regret? Once
the emotion is sated or at least numbed, you Why do I want this?
look back and you ask yourself “What was I Is this actually meeting a need or just scratching an itch
thinking?”. The better question would be
“What was I feeling?”
What do I really want?
Ensure that you have satisfactory answers to Are you after the feeling or the item?
these questions BEFORE you spend:

How will you feel after the purchase?

Will you regret this later?

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 Living in the present is a wonderful way to reduce mental stress and
anxiety. This same principle, however, will be disastrous to your financial
ENVISION health if not held in check.
THE FUTURE The use of money has tremendous impact on the your financial future
because every penny spent today has the capacity to help you either
flourish or flounder in the future.

Sometimes the impact can be felt almost purchases as we discussed before.

immediately, like an online purchase causing a
preauthorized payment to be returned. Other
times the impact is further along, like when the
purchase of your car leaves you with
insufficient funds to take advantage of a great
real estate opportunity the following year.
Planning for the future does not require a
crystal ball. On the contrary, this is a simple
exercise and helps to remove emotion from
You must think about what you want to
purchase and how much it would cost. Then,
take a look at the possible impact of that
purchase in the short and long terms, as well as
the obvious and not so obvious. So, for
example, that car purchase may not mean that
you lost money but it may cost you the chance
to make money.
The following table will help you work your

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 way through this thought process so you can be confident in your
spending decisions.

ENVISION
THE FUTURE

Future Impact
Item and Cost
Pros Cons

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 To help you stop and think before making purchase decisions use these
resources below. They are designed to be used in your wallet or on your
ADDITIONAL money clip.

RESOURCES Cut out the card and insert it in front of your most used payment card
(credit card, debit card, gift card, etc.).
Cut out the dollar bill and insert it in the cash section of your wallet or
money clip.

STOP STOP

Time for a Spend Check!

Time for a Spend Check!

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 MEET HADRIANA
I am a wife and a mother and I have seriously struggled financially! In fact, I
was a financial services professional, giving other people financial advice and
my personal finances, my spending and debt, were an absolute mess
(*gasp*)!
I know what it’s like to have spending and debt get so far out of hand that
you don’t know how you can ever begin to recover. It was not until life
dealt me a few tough lessons that I made the decision that enough was
enough. Something had to change.
Whatever circumstance has brought you to this guide know that I’ve been
there. The tips that I share are what has helped me and my clients to create
healthy spending habits. I got myself out and now I am helping my clients to
do the same.
“After meeting with her I am so excited about my financial future and have a
concrete plan for achieving my financial goals!... If you are making money and have no idea where it
is going, or have goals for your future but have no idea where to start go see Hadriana Leo - Money
Navigator.” Andrea S

To book your own 15-minute personal assessment of your current financial situation and how I can
help you quit bad spending and stop increasing debt, go to https://bit.ly/Ready-Fit.

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