In this episode of the Mind Money Soul podcast, I'm going to be sharing how you can fluctuate and transition between spending and saving and what you can do to find balance.

You'll go through phases in your life where sometimes you'll be spending more than you're saving, and vice versa, depending on where you're at in your life, your goals and priorities. I don't know about you, but right now, it's summer 2024 and I can safely say I'm in my spending era. I'm having a good time, making memories, enjoying my money and living my best life. That said, I'm a big believer that you can always return to a healthy balance between saving, spending and investing.

When it comes to finding balance, it can be so easy to fall off the wagon and even easier to beat ourselves up about it, but we can't shame ourselves into better habits. When it comes to the question "how much should I be saving and spending", there is no right or wrong answer and it's going to look different for everyone. You can gain clarity around what balance means to you by reverse engineering and mapping out your financial and big happy life goals. It's important to remember that spending money is always going to be a part of living your life, but it's not healthy to live pay check to pay check. As much fun as you can have spending your money, the stress of not having money saved or invested can be greater and cancel out the fun. This is why the balance is so important; ensuring that you're continually feeding your emergency fund, and that you'll be safe and secure if you ever were to lose your income, but also saying yes to opportunities and living life to the fullest.

In this epsiode:

• Why you can fluctuate between a spending and saving era
• What it looks like to be in a spending era in summer 2024
• What should you do be doing with your money?
• How to find a healthy balance and step back into saving and investing
• Find your motivation and gain clarity on your big happy life goals

🎙️ Your host: Laura Ann Moore

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