9 min listen
2780: Why I Like Spending Plan Better than Budget by Miranda Marquit with PT Money on Budgeting
FromOptimal Finance Daily - Financial Independence & Money Advice
2780: Why I Like Spending Plan Better than Budget by Miranda Marquit with PT Money on Budgeting
FromOptimal Finance Daily - Financial Independence & Money Advice
ratings:
Length:
10 minutes
Released:
Jul 1, 2024
Format:
Podcast episode
Description
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2780:
Miranda Marquit explains why she prefers the term "spending plan" over "budget" due to the negative connotations associated with restriction and limitation. By using a spending plan, she emphasizes proactive financial planning that prioritizes funding essentials while allowing flexibility and control in other spending areas, fostering a more positive and purposeful approach to managing money.
Read along with the original article(s) here: https://ptmoney.com/spending-plan-budget/
Quotes to ponder:
"Rather than thinking, 'I can’t only do this much this month,' as a budget encourages you to think, a spending plan allows you to say, 'I’m going to do this with my money.'"
"I prefer to use the phrase 'spending plan.' It seems to convey a better sense of control and purpose."
"With the budget mindset, money is always scarce. A spending plan, though, indicates that you have some sort of direction and purpose for (at least some of) your spending."
Learn more about your ad choices. Visit megaphone.fm/adchoices
Episode 2780:
Miranda Marquit explains why she prefers the term "spending plan" over "budget" due to the negative connotations associated with restriction and limitation. By using a spending plan, she emphasizes proactive financial planning that prioritizes funding essentials while allowing flexibility and control in other spending areas, fostering a more positive and purposeful approach to managing money.
Read along with the original article(s) here: https://ptmoney.com/spending-plan-budget/
Quotes to ponder:
"Rather than thinking, 'I can’t only do this much this month,' as a budget encourages you to think, a spending plan allows you to say, 'I’m going to do this with my money.'"
"I prefer to use the phrase 'spending plan.' It seems to convey a better sense of control and purpose."
"With the budget mindset, money is always scarce. A spending plan, though, indicates that you have some sort of direction and purpose for (at least some of) your spending."
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Jul 1, 2024
Format:
Podcast episode
Titles in the series (100)
2544: I Shouldn't Want to Be Liked So Much by James Altucher on Financial Choice & Cost of Attending College Education: James Altucher's candid reflection on a dinner event reveals the uncomfortable truth about societal norms and personal convictions. by Optimal Finance Daily - Financial Independence & Money Advice