JW’s Financial Coaching Podcast Lesson #14 How to loosen up your spending

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Highlights of today’s show:

  • How do you learn to enjoy spending money?
  • You can take saving money too far
  • Money is not meant to be hoarded, it’s meant to be given, spent, and enjoyed
  • What did you do with your extra hour this weekend?
  • Still time to sign up for the “YOUR Economy” Webinar

Most of us have no problem spending money. In fact, some say that is their strong suit. But how do you get to a point where you are able to enjoy spending your money? We cover that in today’s show. As a financial coach, I don’t want you just to save, save, and save some more. I also want you to give and spend and be able to do all three things well.

You can really only enjoy spending money if you have planned to do so. It might be fun to spend money you don’t have initially, but eventually that comes back to bite you and you will have to pay that back. If the spending is in your budget and you are doing other things such as saving for retirement or have a six month emergency fund, you have the money to spend. That’s because you are taking care of your needs first, then spending on wants.

Personally my wife and I have been able to purchase a new car, take a vacation, and pay for nice family dinner in the past year with no problems. Why is that? Because we had the money saved and this allowed us to enjoy our money without any problems.

Finally, I’ll be doing a webinar titled “YOUR Economy” on Tuesday, November 6th at 9:00 PM EST. Yes, that is election night, but this webinar is not political in nature. Instead we will be focusing on ways to improve YOUR economy not only with your finances, but with your career as well. The webinar itself will be 30 minutes in length and we will have a 15 minute Q&A afterwards.

You can subscribe to future Podcasts through FeedburnerStitcher SmartRadio, or iTunes. Or you may listen to the podcast on the JW’s Financial Coaching Facebook Fan page. In addition, if you have enjoyed the show for a while now, please leave a review of the podcast on iTunes. For a step by step video of how that works, please watch this video on how to leave a review in iTunes. Big thanks to my friend Glen Steinson for helping me create the video.

If you have any comments, questions, or ideas for future shows you can send them to me and I will integrate them into a future show. There are two ways to get in touch with me:

1.) Email me at JWFinancialcoaching@gmail.com – Please put “podcast” in the subject line and keep your questions brief so they are readable on air.

2.) Simply fill out the form on the contact page. Please fill out your name, email, and your question/comment/suggestion and we will read it on air.

You can find prior editions of the podcast at the podcast archive page.

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