This episode is all about that sticky area of money where we try to separate out our wants versus needs when making decisions around how we want to spend our dollars.
The themes include:
Understanding Wants vs. Needs: Distinguishing between wants and needs can be complex, especially when personal values and societal judgments come into play. It’s essential to recognize that our choices around spending—like gym memberships or shopping for groceries—often straddle this line, and reflecting on these choices can help clarify what truly matters to us.
Owning Your Financial Choices: It’s essential to own your spending decisions without guilt or judgment. Whether you're choosing to join a high-end health club for the social aspect or choosing food delivery services for convenience, understanding the underlying motivations can empower you to make choices that align with your values. And when you're not comfortable with the choice, that's an area to dig into.
Evaluating the Trade-offs: Spending money is often a trade-off between time and energy. By assessing whether your expenses are intentional and truly beneficial to your life, you can better balance your finances and maintain alignment with your values, allowing for a more fulfilling financial life.
Resources to support this episode:
- To find a financial therapist, visit the Financial Therapy Association directory
- To schedule a financial coaching session with Kelley Long, visit www.financialblisscoach.com/services
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