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CFP Board in the News

Why You Are Spending More and Enjoying It Less

Feb 16, 2014
Financial Advisers Agree — Americans Spend Way Too Much

You may overspend because you're bored, you have no budget or you want to keep up with your neighbors.

Or you might be letting your emotions dictate your financial decisions.

Whatever the reason, you may be setting yourself up for a financial disaster.

But fear not: There are a few ways you can rein in your spending before it's too late.

Constance Stone, a Chagrin Falls, Ohio, [CERTIFIED FINANCIAL PLANNER™ and CFP Board Ambassador], says to keep a daily gratitude journal to focus on all the "positives" in your life. This may help you lessen the feelings of "not having enough," she says. It could also prompt you to place more value on nonmaterial aspects of life, such as family and friends.

Prioritizing and setting a time table for buying big-ticket items can also help keep spending in check, says Ms. Stone. Read more >
The Wall Street Journal
By Veronica Dagher
February 16, 2014
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