Bad With Money With Gabe Dunn Bonus Bag: The “Radical Middle”
Oct 11, 2024
Jen Smith and Jill Sirianni, co-hosts of the Frugal Friends podcast, share their expertise on budgeting while staying true to one's values. They dive into how to align spending with the top 'F's of financial well-being. The duo explores balancing frugality and generosity, introducing the concept of the 'radical middle'. They discuss the challenges of managing friendships when saving money, and the importance of setting boundaries around finances to maintain healthy social connections. It's a refreshing chat about mindful spending!
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Value-Based Budgeting
- Budget based on your values (the "what") instead of strict dollar limits (the "how much").
- Prioritize spending on family, friends, faith, and fulfilling work rather than detailed categories.
Practicing the Radical Middle
- Decide on easy spending nos and absolute yeses to manage finances and generosity.
- Practice the "radical middle" to hold frugality and generosity in balance without deprivation.
Navigating Money Conflicts
- Manage conflicts about money with friends by adjusting shared activities to mutually affordable options.
- Understand your relationships and adjust socializing based on shared values and financial comfort levels.
