1. What categories did you adjust/give up from your previous budget to make this budget work?
2. There are always two sides to the equation – the inflow of cash and the outflow of cash. The cash flow plan helps you control the outflow over time. Did you consider taking another job or selling something to increase your income when you found your budget squeezed? What else can you do to increase your income to deal with a short-term budget squeeze? What could you do in the long run through investments?
3. If at first, you didn’t have enough money from your monthly income or savings, what would you do?
4. Behavior is the key to success with any financial plan. Would you really live the way your cash flow plan suggests? Would you do the things you came up with? (You can be honest here; there is no right answer.)
5. What was the most challenging part of this exercise for you?
6. What did you get out of it or what was your “take away”?
