You might need a "fine tuning"

Does your spending support your values? It’s the blended coffee drink, lunch with a friend, that extra pair of shoes, the new TV, ice cream for the kids, a bicycle….

Every item you purchase should be accounted for somewhere specifically in your spending plan. A client of mine was tracking his spending in his “eating out” category and found that he was spending $200 a month on eating out for lunch. This gentleman likes to eat out but he doesn’t really want to spend that much on eating out for lunch. He decided he would limit his lunch account and transfer some of his spending on eating out to dinner where he can enjoy a nice bottle of wine with his meal.

He recognized through the tracking of his spending that he isn’t going to change how much he spends eating out but spend it more consciously on where he eats outs. Enjoying a nice bottle of wine with his meal supports his likes and values.

I encourage you to review a category in your spending plan and fine tune it by asking yourself if the amount you spend in this category and where you spend it supports your goals, likes and values. You may be surprised!