- Can a saver learn to spend money if it is not their natural tendency?
- How saving can be taken too far
- Why it is important to spend and not just save
- Ways to help a saver loosen up their spending
- Quote of the week
On the last lesson of the podcast we shared how it was possible for a spender to learn to save. Well on this week’s lesson we flip the script and share how a saver can loosen up their spending. Saving money in of itself is not a bad thing; however it is possible to take saving money too far. Spending money is a healthy exercise, if done properly, but it is not natural for a saver. Today we discuss three ways to help savers loosen up their spending. In addition we discuss the different between being cheap and being frugal and why it is important to spend money.
For more resources on related to today's lesson check out the following:
- When saving money can go too far
- How to decide when to save and when to spend
- How to loosen up your spending
This lesson’s quote comes to us from the legendary Bob Hope
“A bank is a place that will lend you money if you can prove that you don’t need it.”
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