Optimal Finance Daily - Financial Independence and Money Advice

2501: 5 Tactics to Help Control Discretionary Spending by Lisa Whitley with Women Who Money on How to Stop Emotional Spending

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Oct 31, 2023

Guest

Financial expert Lisa Whitley, along with Amy Blacklock and Vicki Cook, co-founders of Women Who Money, discuss 5 tactics to help control discretionary spending. They explore the impact of purchases on long-term goals, provide guidelines like the In-N-Out Rule and No Credit Rule, suggest using online shopping lists and evaluating significant purchases, and emphasize aligning spending with personal values and goals for better mindfulness in spending decisions.

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Episode notes

Introduction

00:00 • 3min

Tactics for Controlling Discretionary Spending

03:15 • 2min

Tactics to Control Discretionary Spending

05:05 • 3min

Controlling Discretionary Spending through Mindfulness and Prioritization

07:44 • 2min