This is an ongoing series where you ask and I answer! If you have a money question, please fill out this form.
Here we go!
Thanks Michelle for asking today’s question:
Hi Sarah, I know you like to encourage people to use money wisely and you do something called values-based spending. can you elaborate on what it is and how I can do something like that?
Values-based spending is actually a pretty simple concept but people tend to make it more difficult than it is because there aren’t really any hard rules to it. It’s just more guidelines that you set for yourself.
In a nutshell, values-based spending is really determining what you find important in life. So you’re basically using your core values and beliefs as a guideline to figure out what to spend your money on. And that also goes for saving money as well. [Read more…]