Introduce Some Friction

Let’s delve into the world of budgeting, which, let’s be real, isn’t always a walk in the park. It often involves resisting the urge for instant gratification, and that’s no easy feat. But hey, here’s a clever strategy: ever considered introducing a bit of friction into your budget? It’s like setting up little hurdles to prevent impulsive spending on things you might not really need. You could automate transfers to your savings, opt for cash instead of cards, or simply wait a bit before splurging on big-ticket items. Take, for instance, implementing a 24-hour rule on purchases. See something you fancy? Wait a full day before hitting that “buy” button. By creating this barrier, you give yourself a chance to reconsider and possibly channel those funds towards what truly matters to you. Because at the end of the day, that’s what budgeting is all about: ensuring you have the resources for what truly counts in your life.

For help creating and sticking to a budget reach out to one of the Francis Financial Planners using the Francis LLC app or your participant portal. They’ve got great tips to keep you on track to reach your money goals.

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