Financial Conversation Podcast

Are you looking for a way to save more money and still be able to spend on the things you enjoy? If so, you need to practice value based spending. In this week's episode, we'll be talking about what value based spending is, how it works, and why it lets you enjoy your money while still pursuing financial goals. What is Value Based Spending? If you've never heard of value based spending before, it's basically a way of allocating your money based on what you truly value and enjoy. Instead of a traditional budget where you might be tracking every penny you earn and spend, with value based spending you simply make conscious decisions about what to spend money on. This can be a lot more freeing than living with a bare bones budget, which is what a lot of people start with when they first begin budgeting. But after a while, a bare bones budget with no room for spending on fun can lead to feelings of deprivation and burn out. On the other hand, value based spending can also help you avoid spending money just to spen