Spending Plan Vs Budget: You Decide

I use the words spending plan because it creates a better feeling for the practice of you telling your money what to do and it not telling you what to do.  If you have a confidence issue with money, using the word spending plan can help eliminate some of that fear. 

I like to use the words spending plan when talking about money, financial management, and managing money better.

My reason for this is that the word budget has a negative effect on some of our brains and makes us think that we are limiting ourselves when we budget. 

In using the words spending plan, I hope it gives a feeling of control as you plan to spend your money, and you are telling your money what to do.

Some do not care what you call it.

I use the words spending plan because it creates a better feeling for the practice of you telling your money what to do and it not telling you what to do.  If you have a confidence issue with money, using the words spending plan can help eliminate some of that fear.

It’s your money, you earned it, and you are in control of it.  It works for you and does what you want it to do.  Tell your money what you want to do.

It is this train of thought that will calm the fear and help you thru the process of creating a spending plan that works and winning with money.

My definition of a spending plan is a plan for meeting expenses in a given period of time.  The word budget is defined basically the same way.

So, does it really matter whether you use, the words spending plan or budget to describe how you manage your money?

If you have a bad history or negative history with managing money, using the words “spending plan” could help you think differently about managing your money.

Managing money is about managing behavior and if the words spending plan helps you manage your behavior better when it comes to managing your money, great.

What are some of the tips and tricks you use to help you manage your money?  Subscribe to the GoldenRules Blog and learn how to create a winning spending plan for you and your family.

#GoldenRules #youneedaspendingplan #It’syourmoney

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