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🏆 Spend Planning! | Holly Morphew on Why Spend Planning Beats Budgeting 💰
Forget About Money
Rethinking Financial Management: Spend Planning vs. Budgeting
A spending plan differs from traditional budgeting as it emphasizes a more fluid and adaptable approach to managing finances. Systems play a crucial role in wealth building and money management, with many individuals lacking effective systems leading to financial struggles. Unlike typical budgets that may necessitate meticulous tracking of every expense or income variation, spend planning acknowledges the unpredictability of expenses and income. The essence of spend planning focuses on understanding what money is genuinely available after necessary bills to pursue financial goals. This proactive approach allows individuals to gain a clearer perspective on average monthly income and expenses over time. Ultimately, it aims at empowering individuals to reach their financial aspirations by aligning spending with their lifestyle and long-term objectives, emphasizing wealth building and financial independence rather than merely tracking expenses.
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