Conscious spending: The finance approach that's both smart and fun | CNN

  • 📰 CNN
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 95%

United States News News

United States United States Latest News,United States United States Headlines

'Unlike a budget, which looks backward, a conscious spending plan allows you to look forward.'

Editor’s Note: Sign up for CNN’s Stress, But Less newsletter. Our six-part mindfulness guide will inform and inspire you to reduce stress while learning how to harness it. When you think of money, do you feel like living in the moment and being responsible are mutually exclusive? Does guilt eat at you when you go out for lunch or have a $7 oat milk latte? You don’t have to think or feel this way, thanks to a flexible personal finance approach called conscious spending.

” What’s most important in undoing unconscious spending is asking yourself specific questions about your financial goals and life desires: Where has my money been going? What do I love spending money on and why? How much do I need for fixed expenses, such as bills and rent? How much do I want to invest and save, and why? How much do I want to set aside for impulse buys or charges, such as drinks with a friend or a parking ticket? Your answers need to be very clear, Klontz and Sethi said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Other than looking at past expenditures for guidelines, a budget is not in any way backward-facing. It is intended to look at the future. If you want to provide a nuanced approach to HOW and WHAT you budget, fine. But the headline and premise are just wrong.

Shaker_behrooz, a Kurdish political prisoner sentenced to death has been transferred from Urmia central prison to an unknown place this morning amidst crackdown in Kurdistan. His transfer is alarming and means that he might be executed soon. SayTheirNames MahsaAmini

Mohammad_ghobadloo, 22, did not have a lawyer and is sentenced to Death in the first court session. His mother is asking for help. He also has neurological disorder that make tolerating Iran's prison harder. SayTheirNames MahsaAmini

Amass credit card debt this holiday shopping season. What could go wrong?

‘Conscious’ feels like an entirely superfluous word here?

United States United States Latest News, United States United States Headlines