West Loop Financial LLCRethinking Money, Not as Good or Bad but as a Tool – West Loop Financial LLC https://www.westloopfinancial.com Evolutionize Site Wed, 19 Aug 2020 20:50:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 Rethinking Money, Not as Good or Bad but as a Tool https://www.westloopfinancial.com/2015/03/09/rethinking-money-not-good-bad-tool/ https://www.westloopfinancial.com/2015/03/09/rethinking-money-not-good-bad-tool/#respond Mon, 09 Mar 2015 09:00:35 +0000 http://evolvemypractice.com/?p=1747 Almost everything we’re taught about money is focused on spending it and saving it. Parents, teachers and even personal finance books discuss saving money as keeping it, increasing it and controlling it. Saving money involves figuring out ways to get more of it, to build a bigger cushion. We’re taught that’s the ultimate goal. In...

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]]> Almost everything we’re taught about money is focused on spending it and saving it. Parents, teachers and even personal finance books discuss saving money as keeping it, increasing it and controlling it. Saving money involves figuring out ways to get more of it, to build a bigger cushion. We’re taught that’s the ultimate goal.

In contrast, spending money is described as budgeting or cutting back. We’re even told that we should create habits that make spending painful, like cutting up credit cards and carrying only cash. We shouldn’t feel good about spending money.

For as long as I can remember, that’s how I’ve defined these two concepts: saving good, spending bad.

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