Guilt-Free Spending

 

Now is a good time to be reminded of our spending habits. As part of gaining a better understanding of our clients, it’s critical that we discover their most important priorities, and “guilt-free spending” comes up repeatedly for the people we help.

For many, it’s hard to break the habit of constantly worrying about saving for college tuition, retirement, home renovations, and everyday expenses. For others, especially with joint bank accounts, there’s often a feeling of being judged  for purchases not deemed essential.

Recently, we were helping a new client who couldn’t break the spell because she and her husband had never taken the time to build a proper budget. They didn’t understand how much they needed to save, nor had they discussed what expenses were most important to the other spouse. When we figured out the above and were able to leverage some of our Cordasco Financial Network tools, the focus shifted to enjoying life, as neither spouse had to feel guilty about spending anymore.

If this topic interests you and reflects the kind of relationship you are looking to have with a financial advisor, consider reaching out to a member of the CFN team by clicking here.

Our Best,

The Cordasco Financial Network Team