Know the Price Tag of Your Lifestyle

By: Joe Morgan

Nov 18, 2021 | Spending PlanLifestyle

Prefer to listen rather than read? Pair this post with Deliberate Money Moves Podcast: Know the Price Tag of Your Lifestyle.

If one of your goals is to maintain or increase your lifestyle, doesn’t it seem logical that you should know how much your lifestyle costs? This is not something any of us enjoys talking about but surely, we can see how important it is.

Each day we spend money on things that make our life enjoyable or perhaps even just bearable. The money we spend is not always the same from month to month, but over the course of a year, I have found it to be very consistent.

Since there exists a certain cost to our lifestyle and we can know what it is, doesn’t it seem right that we actually know what it is?

That probably seems logical to you, but we shy away from this topic for a few reasons. One rationale is that we don’t want anyone, including ourselves, to limit our spending.

It’s important that we feel comfortable spending money on the things we believe we need in the moment and creating a budget feels too restrictive. Ok. I have no problem with that. I don’t want you to create a budget.

I simply want you to track what you’ve spent after you’ve spent it so you can know how much your current lifestyle costs.

Here’s this week’s Best Financial Life tip of the week: Know the Price Tag of Your Lifestyle.

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