As we reach the three-year mark since the implementation of pandemic restrictions and lockdowns, it’s worth reflecting on how your financial habits may have evolved during this time. With recent reports of “revenge spending” becoming increasingly common, it’s important to consider the potential impact of impulsive purchases and the current high inflation rates on our long-term financial goals.
A recent article from The Wall St. Journal suggests taking a moment to pause and reflect before making any significant financial decisions, as even a short delay can provide the clarity needed to make a more informed choice that aligns with your overall strategy.
Ultimately, the best way to achieve our long-term financial goals is through a steady, deliberate approach, with a focus on consistent saving and a diversified investment strategy that aligns with your individual goals and preferences. As always, I’m here to support you and answer any questions you may have as you navigate your financial journey.
How to Keep Revenge Spending From Ruining Your Retirement
20 Seconds That Can Break Bad Money Habits
He Is Afraid of Running Out of Money in Retirement. She Says Relax.
How to Use Behavioral Nudges to Increase Retirement Savings
I Spent Two Years Revenge Spending. It Was Hard to Stop.
Click here to listen to the podcast: Approaching Financial Security