Let’s Create Your Spending Wish List

Grab a pen and paper, or open up a note on your computer. Start making a list of anything and everything that you want now, or in the future. This might take an hour, or if you really think about it you’ll keep adding things for a week.

Let’s leave off items that you could easily cash flow. Maybe that’s items that cost less than $50, or maybe that’s $100, or $500. Whatever it is, only add items to your list that will take you time to save for.

Is Your List Complete?

Now let’s assign dollars. Some things are easy, particularly material purchases. You want a new iPhone, that’s $800. But what will your dream vacation cost you? Or even your trip home to your parents that you want to take this winter? What about that home improvement you’ve been meaning to tackle?

You may need to come up with a budget for certain items, or you may need to live with a “swag”. But, put a cost next to every item on your Spending Wish List.

Is your Spending Wish List complete now? Not quite! Time to sort it.

Categories

We are going to split up the Wish List into three groups. Small, Medium and Large. You get to decide what those categories mean to you.

I chose Small to be $50 – $200. Medium to be $200 – $749. Large to be $750 – Sky’s the Limit.

Here is what my list looks like categorized:

Small ($50-$199)

Undercounter light for our pantry – $120

New edger – $180

Medium ($200-$749)

New gas logs for our fire pit – $230

A bean bag chair – $300

New bedroom set for our daughter – $500

Large ($750+)