Don’t Be Afraid to Spend More Than Your Plan

By: Joe Morgan

Feb 10, 2022 | Spending Plan

Prefer to listen rather than read? Pair this post with Deliberate Money Moves Podcast: Don’t Be Afraid to Spend More Than Your Plan.

We only have so much willpower to get through the day and the same goes double when it comes to managing your finances. Preserve your willpower by allowing yourself to live outside your financial and spending plan from time to time.

The fact is you are going to make a lot of money in your career. Millions of dollars in fact. If you spend an extra few thousand on this or that it will not make any difference in your long-term financial health.

Update Your Plan as Needed

However, if you continuously spend well over your plan then your projected financial life will definitely not come to pass.

What I’m saying here is don’t beat yourself up when this happens. Instead, go back to the planning process and seriously consider whether you spending plan was right for you in the first place. And don’t be afraid to change it.

Here’s this week’s Best Financial Life tip of the week: Don’t Be Afraid to Spend More Than Your Plan.

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