102: Spending Plans vs. Budgets

Sticking to a budget is the biggest money challenge Americans said they face. The reason so many people find budgeting so difficult is because they’re approaching it the wrong way. People usually cringe when you talk about budgets because they’re considered to be constrictive, the alternative, is a spending plan, which is about choice. Here’s what you need to know about creating a spending plan that will lead you to a more secure financial future.   A budget feels like a diet to many people because it creates a sense of deprivation, however, a spending plan flips that idea and focuses on how you want to spend your money versus how you want to cut expenses. If you’ve ever gone on a diet, then you know that you start craving food even more, same thing with budgeting. Your brain triggers a similar response to the idea of budgeting, which makes you want to spend even more. A spending plan, on the other hand, is about spending, and understanding where you really want your money to go. It's based on your values and goals.  In this episode, I share simple steps to create a spending plan that is aligned with your values and priorities.    Join me this thursday for my make more sales masterclass - adriennedorison.com/makemoresales