In this episode, I dive into the underestimated power of a financial journal. It’s more than just numbers on a page—it’s about clarity, confidence, and taking control of your money. We talk about how tracking your spending month-to-month can reveal patterns, uncover opportunities, and help you make smarter decisions.

Whether you’re saving for a down payment, planning for retirement, or just trying to avoid lifestyle creep, a journal is your roadmap. I share stories of people who transformed their finances by simply writing things down, and why even with all the tech tools at our fingertips, there’s still no substitute for this old-school method.

What You’ll Learn in This Episode:

– Why a journal beats any app for understanding your spending.

– How tracking your expenses can turn fear into financial confidence.

– The importance of assigning purpose to every dollar—so it doesn’t slip away.

– How to plan for big expenses (like kids, holidays, or retirement) without derailing your goals.

Key Moments:

– [00:43] Relating to my mom’s relentless checkbook balancing and why that discipline matters.

– [01:09] Why knowing your monthly spending is the first step to real financial clarity.

– [06:22] How to assign purpose to your dollars and avoid lifestyle creep.

– [13:17] The transition from paying daycare or tuition to saving those funds for long-term goals.

– [25:45] Real-life examples of how journaling helps people live more comfortably in retirement.

Why You Should Listen:

This episode is for anyone who feels like they’re spinning their wheels financially or struggling to keep up with shifting goalposts. By the end, you’ll see how a journal can be the simple, yet powerful tool you need to get back on track and stay there.

Enjoy the show, and don’t forget—your financial future starts with the small habits you build today.

Any opinions are those of Peter Gutekunst and not necessarily those of Raymond James. Raymond James is not affiliated with Peter Gutekunst.  Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation.