Ok, I know what you are thinking. What is a spending plan? It is a term I use instead of saying budget. I don’t love the word budget as it feels kinda icky to me. It feels like a term I used to use when I tried to get my money figured out and I always failed at it. If you love the word budget, please use it! I want you to use the term that works best for you.
Term’s like, “it’s not in my budget”, “just did my budget and I won’t have any money this month”, “we can’t afford that, it’s not in the budget” were things I sometimes heard growing up and even said myself as an adult.
I like to refer to it as a spending plan because my thinking has turned around to “I get to CHOOSE what I spend my money on”, as opposed to “My budget is so depressing, I have to spend too much money”. Sometimes the difference in how we perceive things can make such a HUGE difference.
First and foremost,...
Does this sound familiar?
Would be in the midst of doing something and something would come to mind that I thought I “needed”, I looked it up online, one click I would buy it and wouldn’t even care when it showed up on my doorstep.
Would be having a bad day, feeling stressed, sad and I would find myself driving to my favourite store and buying things to make me feel better.
Would be having a great day, happy and I would find myself driving to a store to celebrate how I was feeling.
The list goes on and on about how I found myself pulling out my credit card to change how I was feeling. It worked, but only for a moment. I would get the dopamine hit. It was lovely. Then it left and I wanted more.
I would get a statements from the credit cards I used and often would have to take from a retirement account to pay the...