Author Linda Leitz’s latest article in the June 2018 NAPFA Advisor, features the perspectives of financial planners about educated budgeting. Sheila Padden shares her experience with a client couple describing an emotional struggle with spending within their means. After meeting with Sheila, the clients gained new control and confidence around budgeting and spending:
After that meeting, Sheila helped them understand what they can do with the financial resources available to them. At recent appointment with these clients, the wife mentioned that they were dining out more after the meeting. The client understanding her control over her situation and moving into an action plan liberated her to feel comfortable spending within her means.
You can read the whole article by Linda Leitz here (PDF download).
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