Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2780: Miranda Marquit explains why she prefers the term "spending plan" over "budget" due to the negative connotations associated with restriction and limitation. By using a spending plan, she emphasizes proactive financial planning that prioritizes funding essentials while allowing flexibility and control in other spending areas, fostering a more positive and purposeful approach to managing money. Read along with the original article(s) here: https://ptmoney.com/spending-plan-budget/ Quotes to ponder: "Rather than thinking, 'I can’t only do this much this month,' as a budget encourages you to think, a spending plan allows you to say, 'I’m going to do this with my money.'" "I prefer to use the phrase 'spending plan.' It seems to convey a better sense of control and purpose." "With the budget mindset, money is always scarce. A spending plan, though, indicates that you have some sort of direction and purpose for (at least some of) your spending." Learn more about your ad choices. Visit megaphone.fm/adchoices