A Financial Comeback: Real life lessons from a financial planner
Jude Boudreaux has experienced financial ruin and financial triumph. The following are some strategies he recommends that helped him turn his life around and take control.
First, find your financial opposite. Jude and his wife balance each other out – she is very conservative with money and he likes to spend. But this type of relationship can cause tension, so good communication is necessary.
Next, give yourself an allowance. That way each person can spend their extra allowed money on the things that are really important to them.
Third, focus on “yes,” not “no.” Budget in such a way that you are able to say “yes” to the things you love most. This way, saying “no” to all the other things won’t be as big of a deal.
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