Here are a few thoughts on prioritizing saving over spending. It’s easier and easier to spend these days with our phones and everything being online, but keeping financial priorities straight is important. Here are a few thoughts:

1. Plan with a budget - The best part of having a plan is that you control your money versus your money controlling you. We use YNAB for all of our budgeting and reset with a new plan each month.
2. Prioritize needs over wants - It’s easy to fall into the ‘want’ trap but as long as you have your priorities in order and set aside money for savings every month, you can have some wants. It’s simply a decision and being disciplined to follow through.
3. Dig your well before you’re thirsty - Having cash savings set aside is super important and building up an emergency fund up to 3 - 6 months depending on your situation is a wise move in my opinion. Dave Ramsey often talks about ‘Murphy’s Law’ that says whatever can go wrong will go wrong - think about car repairs. Those things always seem to happen at the worst times. Most people though are wiped out with medical or job loss.

Let me know your thoughts in the comments below!