2780: Why I Like Spending Plan Better than Budget by Miranda Marquit with PT Money on Budgeting
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\nEpisode 2780:\nMiranda Marquit explains why she prefers the term "spending plan" over "budget" due to the negative connotations associated with restriction and limitation. By using a spending plan, she emphasizes proactive financial planning that prioritizes funding essentials while allowing flexibility and control in other spending areas, fostering a more positive and purposeful approach to managing money.\nRead along with the original article(s) here: https://ptmoney.com/spending-plan-budget/\nQuotes to ponder:\n"Rather than thinking, 'I can\u2019t only do this much this month,' as a budget encourages you to think, a spending plan allows you to say, 'I\u2019m going to do this with my money.'"\n"I prefer to use the phrase 'spending plan.' It seems to convey a better sense of control and purpose."\n"With the budget mindset, money is always scarce. A spending plan, though, indicates that you have some sort of direction and purpose for (at least some of) your spending."\nLearn more about your ad choices. Visit megaphone.fm/adchoices