Wait, what? No budget? Are you thinking, how can a financial advisor and prosperity expert be saying I shouldn’t budget? Here’s why … budgets don’t work – at least not for most people. They feel restrictive and are just not any fun – like eating celery at a pizza party. I’m not saying you shouldn’t know where your money is going or that you shouldn’t be paying attention to where you spend your money.
Reviewing where your cash is going and planning how you’ll spend in the future is really important – but even people who meticulously keep track of their spending have most likely skipped asking themselves the most important question in the process: Am I spending on what is truly important to me? Instead of trying to budget, I suggest you set up a values-based spending plan.
Look at the money you do spend and confirming it is in line with your priorities and values are powerful steps toward using your money to help turn your vision into reality. Most people spend unconsciously and then wonder why they aren’t moving toward their goals more quickly.