How to Improve Spending Habits To Reach Your Long-Term Goals
episodePreviously titled “Ep 112 | How to Improve Spending Habits & Reach Your Long-Term Goals” — renamed by the publisher on Aug 2, 2026
Wealthy After 40: Retirement Planning and Budgeting for Gen X
19 min
2 speakers
3 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
Are my spending habits aligned with my long-term retirement goals?
Are you spending your money in a way that truly supports your future? In this episode, I'm diving into what it means to spend wisely, not just cutting back, but making sure every dollar is working toward your bigger financial goals. Whether you're saving for retirement, building financial security, or just trying to get more intentional with your money, I'll walk you through how to align your spending with your long-term vision. I'll break down key mindset shifts, practical strategies, and real-life examples to help you take control of your finances without feeling deprived. If you've ever wondered whether your spending habits are leading you closer to or further from your ideal future, this episode is for you.
Welcome to Wealthy After 40, where I help you turn retirement uncertainty into a clear, actionable plan. If you're thinking about retirement but feel unsure whether it's even possible, I understand. The gap between where you are now and where you want to be can feel overwhelming, but it doesn't have to. Hi, I'm Daylene Higgins, founder of Elevate Finances and your personal financial coach. Having retired at the age of 50 and have enjoyed over two years of retirement bliss, I'm here to help you create your retirement dream and make it a reality. No more wondering, no more guessing, just taking action and building a future for yourself. Join me each week as I guide you through essential topics such as budgeting, cash flow, lifestyle planning, debt and savings, insurance, Medicare, and social security.
Together, we'll build a strategy to help you achieve the retirement you've always desired. It's time to shift from uncertain to unstoppable and make your retirement dreams a reality. Today's episode, we're going to be talking about our spending and does it align up with our future goals? So if you listened to last week's episode, we ended up, you know, closing that episode with talking about financial goals. That's where I want to start today, just to kind of make sure that you heard that. If you didn't, go listen to that. But essentially, I left the episode with a question to help you build these goals, because we get caught up in, you know, how do you create them? How do I define them? How is that?
All I want you to do for your financial goals is what do you want your money to do for you? I want you to answer that question as you, the person right now, and as the 80-year-old you. So this is the two different sets of goals. Currently, so we can enjoy life now. Future, so our future self is happy and being planned for. Really sit and answer that question, what do you want your money to do for you? You know, a lot of times money... is in charge. And it's taken off and we're just doing all the things and we're getting by. But what are we actually creating? And I think if you think about goals in that sense of money is going to create something for me. I have a dream. I have a desire as opposed to just a goal.
I think that's where we get lost. That can be very muted and like not so fun. Really think about what do you want your money to do for you as a dream, as a desire? And then go for it. And don't forget your future self. As you are defining these goals, it kind of comes back to, again, what do we want our money to do for us? And it comes down to spending. We have to spend our money. Spending is neither good nor bad. It's better if it fits in with our goals. But if we don't know what our goals are, how can we spend our money to influence that? That's why I wanted to cover that again today. But really spending is where the magic happens. to have our financial success. I hope by the end of this episode, you better understand what I mean by that and have some ways to tactfully have a structure to go and tackle your spending.
I want to teach you about the power of intentional spending. This is called a lot of things, but I want to use the word intentional here right now. Most people, they do spend reactively. And while there are times that we have to do this, we really want to be more proactive.
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Chapters
3 chaptersSpeakers
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