ReliaBalance Blog

Posted by: Trenton Wilde on Sep 23, 2011

Lifestyle Budgeting

It is a common mindset to make financial decisions based upon an expect lifestyle.  If spending decisions are based upon whether or not the expense is something that is considered an important part of our lifestyle, there is no real tie to our actual ability to pay for it.  Our ability to pay for an expense while still meeting other obligations must be a deciding factor in our spending decisions.

This is where ReliaBalance comes in.  ReliaBalance provides us with on demand information about our financial situation at any given time, so spending decisions are not strictly emotionally based but also tied to our actual ability to pay for them.

Comments

Jana said...

The best lesson I learnt from one of my mentors, who made himself a millionaire, just being proactive and taking risks and different steps, was, to never get emotional about anything material-either property or different assets! But that is the hardest part, I think, so such budgeting that you are offering seems to be pretty good way to cope with it!
July 11, 2012 4:35:00 AM MDT
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