Reframe & Reclaim
Have you heard of the “latte factor,” how small recurring purchases can prevent bigger goals if unchecked? Today we are talking about reframing our mindset about spending. It is easy to spend $3 - $6 on a morning latte, but how much are you investing in coffee each year? 200 days of purchasing a $4.50 latte can cost you $1,350! If you were to reduce this small spending, what would you do with that extra money? What is your opportunity cost - what are you giving up with your small daily spending habits? Practicing trade-off-thinking can help us to consciously ask ourselves if we would rather have this now or something bigger later. Immediate gratification and convenience can keep us stuck in unhelpful mindsets and habits. Listen in as Courtney and Jen discuss their experiences and practice of cognitive reframe to help them to reach bigger goals than the immediate gratification of now. Whether you are saving to bulk up your savings account or budgeting for a family vacation, practicing delayed gratification and trade-off-thinking can help you reach your goals. #reframe #goals #spending #instantgratification #lattefactor
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