Minimizing Costs and Maximizing Discretionary Income
Prosperity Club helps uncover the why of expenses and what actions can be taken to reduce those expenses, without changing comforts or lifestyles.
Budgets do not resolve financial spending or obligations. Attaching dollar amounts for each expense is not how to resolve expenses, tracking spending uncovers the underlying reason of that expense.
Know the difference between budgeting and being mindful of your spending. Forbes wrote an excellent article to help us understand budgeting https://www.forbes.com/sites/moneywisewomen/2012/10/24/four-reasons-why-budgets-dont-work/#4ec06e4f4e1f.
Another important aspect of financial security would be emergency funds including financial living expenses. These are especially important during loss of employment, family leave, recessions/depressions or even an epidemic. Having strategies put in place has proven to be the best way to achieve prosperity. As finances and income changes strategies going forward may also need to change.