You’re not evaluating your spending.
According to Misty Lynch, our brain is drawn to shortcuts, so it is normal for us to think about the things we normally do just because we’re always doing them, including ordering takeout every day or shopping online.
Read also: 13 Hidden Charges That Are Secretly Ripping You Off.
There’s definitely nothing wrong with these habits, but the whole point of a budget is to let you know what you’re spending your money on, explains Lynch. She explained that she always asks her clients about the things that matter the most to them, and even though they always mention family, health, and adventures, their bank account tells a totally different story.
In order to become a smart spender, you need to be aware of the things that matter the most to you and bring you joy, and make sure you’re including them in your budget. It will be easier to understand how a budget works when you’re choosing to spend your money on the things that matter the most to you.
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