How to Budget: Avoiding Retail Therapy

In these times of economic downturn, it is crucial that people take control of their finances. In every adversity are the seeds of equal or greater benefit, and that includes the current economic climate. Let the uncertain times be a motivator for you to think seriously about taking control of your spending and your life. Consider the “latte factor,” as described in David Bach’s book, Smart Women Finish Rich. Look at how the little purchases add up, and consider how they fit into the big picture. Consider reading The Power by Rhonda Byrne and explore how negative beliefs about money filter into how we handle finances. Turn tough times into a golden opportunity!

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By Carrie Rattle

Carrie Rattle is a Principal at, a website for women focused on mind and money behaviors. She has worked in the financial services industry for 20+ years and hopes to inspire women to better prepare themselves for financial independence. Read More