Budget Nerds #106 - YouTube LIVE: Spendfulness and the 5 Questions
Jan 4, 2025
Happy New Year! The hosts celebrate by introducing a new concept: spendfulness, blending mindfulness with budgeting. They discuss the evolution of their financial philosophy, emphasizing aligning spending with personal values. The grain silo analogy highlights the need for structured financial planning, while the five questions framework helps clarify priorities. They delve into strategies for managing unexpected income and maintaining budgeting joy. Personal anecdotes illustrate how thoughtful budgeting fosters clarity and contentment in financial lifestyles.
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Spendfulness Defined
- Spendfulness is a state of alignment between spending and desired life.
- It's about mindful spending, finding contentment, and expressing yourself through money.
Early Spendfulness
- Ernie felt contentment while staring at category balances in YNAB.
- He realized this feeling was spendfulness before the word was coined.
Spendfulness' Impact
- "Spendfulness", not just mindful spending, encourages broader conversations about money.
- It highlights money's importance and the need for mindful attention.