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Post by Mr. Meyer on Sept 29, 2015 14:41:20 GMT
How can changing your spending behavior contribute to wealth building?
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Post by booklover468 on Sept 30, 2015 13:36:54 GMT
If you don't spend as much money as you used to, you'll have money you didn't before, and you'll be able to save up. Changing your money habits means you'll budget, and so you'll have more money and more self controlled
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Post by booklover468 on Sept 30, 2015 13:37:05 GMT
If you don't spend as much money as you used to, you'll have money you didn't before, and you'll be able to save up. Changing your money habits means you'll budget, and so you'll have more money and more self controlled
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Post by elliesessions on Oct 1, 2015 15:18:17 GMT
I agree with Bethany. By not spending as much as you used too and changing how you spend your money, you will have more.
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Post by hgore on Oct 1, 2015 15:42:31 GMT
If you are a spender, than if you control your spending than you can actually save the money that you would have spent
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dora
New Member
Posts: 14 
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Post by dora on Oct 3, 2015 13:48:01 GMT
You have a change in priorities in your spending. Having a budget doesn't mean you can't treat yourself, but you first put a portion of that extra money into savings. Eventually, as that money compounds, you will have wealth.
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Post by magicalmichael on Nov 3, 2015 19:26:18 GMT
Changing your spending behavior helps if you tend to just buy "in the moment" without thinking about whether or not you need the thing. You need to start saving instead of spending. This helps build wealth because instead of spending the money, you save it.
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