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Conscious spending: The finance approach that's both smart and fun

May 25, 2022

When you think of money, do you feel like living in the moment and being responsible are mutually exclusive? Does guilt eat at you when you go out for lunch or a $7 oat milk latte?

You don't have to think or feel this way, thanks to a flexible personal finance approach called conscious spending.

"Unlike a budget, which looks backward, a conscious spending plan allows you to look forward," said Ramit Sethi, author of best-selling "I Will Teach You To Be Rich" and CEO of the eponymous blog. "Conscious spending is all about spending extravagantly on the things you love, as long as you cut costs mercilessly on the things you don't. It's not about restriction. It's about being intentional with your money, and then spending on the things you love guilt-free."