Title: Why You Feel Guilty When You Spend Money And How To Stop
Headings: Why You Feel Guilty When You Spend Money And How To Stop
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Content: So why do many of us feel awful when we spend money, even if it’s on something that actually makes us happy? How To Start Enjoying Your Money Guilt-Free
A big reason why people feel guilty about spending money is they fear that it could be going towards something better or more important. This feeling is usually the result of a lack of planning. When you’re not sure if the $100 you just spent on shoes was part of your grocery budget or dream-home down payment, no wonder you feel guilty. To combat this, limit impulse purchases by having a plan for each dollar in your paycheck. For my Wealth Coaching® clients, we give every dollar they earn a specific job. Some dollars go towards bills, others go towards goals, and there’s always a portion of each paycheck that’s reserved exclusively for living your best life today. A good rule of thumb is that 30% of your paycheck should be reserved to spend however you want. ( So if you need to buy yourself some sympathy shoes or want to live it up in Vegas, there are funds for that.) A Financial Plan Will Shift Your Money Mindset
Having a plan for your money will cause a mental shift in the way you view spending.