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Optimal Finance Daily - Financial Independence and Money Advice

1161: Dial Back Expectations to Save Money by Dawn Starks of Simple Money Pro on Spending Awareness & Mindfulness

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 14 May 2020

⏱️ 10 minutes

🧾️ Download transcript

Summary

Dawn Starks of SimpleMoney shares her thoughts on dialing back expectations to save money. Episode 1161: Dial Back Expectations to Save Money by Dawn Starks of Simple Money Pro on Spending Awareness & Mindfulness Dawn Starks has been a financial planner for over twenty years. Her aim with financial planning work has always been to simplify things for clients. Making concepts easier to grasp and less scary is the goal. Dawn's SimpleMoney project - the blog, podcast, and soon-to-be courses and book is a co-project with her husband Greg. The original post is located here: https://simplemoneypro.com/blog/dial-back-expectations-to-save-money/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Optimal Finance Daily, episode 1161, dial back expectations to save money.

0:06.5

By Don Starks of Simple MoneyPro.com.

0:10.0

And I'm Dan, I am your host here on Optimal Finance Daily.

0:12.8

I'm here every single day reading to you from some of the best personal finance

0:16.6

blogs on the planet.

0:18.3

And for even more content being narrated to you for free, covering personal development, and much more,

0:23.5

check out optimal living daily.

0:25.5

One of the latest episodes there discussed the relationship between our priorities and our values.

0:30.5

It's a great post about being conscious about how we rank our priorities and I'd

0:34.8

recommend listening to that one.

0:37.1

But since you're here, let's get right to today's post and start optimizing your life. dial back expectations to save money by Don Starks of Simple Money Pro.com.

0:52.0

What's your idea of a fabulous night out? Dinner at a fancy restaurant, maybe a show or

0:57.1

concert afterward? Does your night include adult beverages or decadent desserts?

1:01.6

After a hard week do you reward yourself with a shopping trip just because?

1:07.0

Dining out and entertainment are two areas that can quickly blow your budget.

1:11.0

Retail therapy is often another big problem.

1:13.0

If these budget busters sound familiar, adjust your mindset and commit yourself to a new plan of attack.

1:19.0

Acknowledge the problem.

1:21.0

First, recognize where your family's budget leaks. Everyone's different,

1:25.8

so you'll have your own unique problem areas. While dining out and entertainment are often the

1:30.9

problem, your overspending may be on hobbies or kids activities.

1:35.1

Pinpoint the areas where your household is currently overspending.

...

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