How I Manage My Money As A Financial Planner [Value For Money Mindset]
Updated: Apr 15, 2023
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Let’s talk about my money management mentality as a financial planner which I’ve coined the Value for Money Mentality.
The Value for Money mentality is a money management mentality that acknowledges both the importance of living in the present and preparing for the future.
It is a mentality that ensures that we spend money in a way that ensures a comfortable living standard in the present while setting aside sufficient savings and resources for the future.
To do so, there are three core considerations that you need to have when making any financial decision:
what do you need to have to live a comfortable (not luxurious) lifestyle
what goes into the pricing of the things that you need to have and is it worth paying for it
if the things that you are paying for are not necessary, can you afford them and what is your opportunity cost for paying for it
Let’s use housing as an example,
