Best Laid Plans Planning Your Spending with Jen Smith EP 227
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Dec 2, 2024 Jen Smith, co-host of the Frugal Friends podcast and author of 'Buy What You Love Without Going Broke,' shares her expertise on intentional spending and budgeting. She discusses the transformative shift from traditional budgeting to values-based spending plans that reduce guilt. Learn how couples can enhance financial communication using tools like Google Sheets. Jen emphasizes aligning financial goals with personal values and offers strategies to manage life events, combat impulse buying, and create a fulfilling financial future.
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Values-Based Spending
- Plan spending based on values, not strict budgets.
- Focus on what truly matters, like family or friends, and allocate spending accordingly.
Tracking and Transparency
- Track spending with a Google Sheet or app like Monarch Money.
- Regularly review expenses together and discuss any discrepancies openly and without judgment.
Check-in Frequency
- Start with daily or weekly reviews, then transition to monthly check-ins as comfort grows.
- Use budgeting apps or manual tracking to monitor spending and discuss discrepancies.
