Part 5/8:
- Stress Reduction: A focused approach to expenditures can alleviate anxiety surrounding financial matters.
Planning and Budgeting for Success
As the calendar year draws to a close, the individual has begun implementing necessary structures for their low buy year. Plans are in place to establish clear rules surrounding spending, focusing particularly on the distinction between needs and wants. Here’s a snapshot of planned actions:
- Create a "Allowed" and "Not Allowed" List: This will delineate what can be purchased and what should be avoided, emphasizing a focus on experiences rather than physical items.