No, the sentence is far from correct. There are 4-5 odd uses, such as the use of 3 decimal points with currency, the use of any decimal point with the word 'dollar'. Or should it be 7,000?
Referring to 'spending' in a future tense doesn't make sense. Is the spending planned? Or should it not be future tense? It's not clear.
BUT I'm sorry to say that your change makes it even worse. 'spended' is never correct. It is not a word.