Better Money Management for Better Health: Taking the Stress Out of Budgeting

One of the key factors in accessing financial health is the day-to-day management of your finances. If you’d rather have your teeth pulled than create a budget, consider reframing the word “budget” to “spending plan.” Reframing the language of money and the story you are telling about it may help alleviate some of the resistance and triggered responses to taking action. A spending plan is a way of assessing your income and expenses and assigning each dollar into a specific category. A spending plan can flex and expand or change over time to reflect the current state of your finances. Think of it as a game, instead of the rigidly held notion of a budget that is inflexible. Play with finding ways to save money in one area of your spending plan to allow you to have more in others