Skip to content Skip to sidebar Skip to footer

My friend and colleague, Kathryn Amenta, is a financial advisor offering her Budgeting Basics class for nearly half the price through the end of August. If your idea of budgeting is licking your finger and sticking it in the air to see which way the wind is blowing, please go “sit” down with her. She calls herself a financial advisor, but I think of her as the expert on “money and emotions”—what makes someone spend money or not, how they treat their money, what their beliefs are about money, and how to treat oneself with financial self-care.  She’s genius at what she does, and she works with those who have millions and those who have negative balance sheets.

Even those with high disposable income benefit from a budget

The “myth”, if you will, around budgeting is that those with high income don’t need to budget.  The story goes something like this: “If I’m following my financial plan, and I have a lot of disposable income, then I don’t need to budget.”  My experience is that it’s often the people who have a lot of income that need to budget the most. Why?  My three observations:

  • Because higher income people are used to a high standard of living, they probably want to maintain that standard of living, and they are usually not preparing to do so.
  • When higher income people have to cut back for one reason or another (to fund college, to start a business, to have one person stay home with a child or an aging parent, one person loses his/her job, etc.), they have no idea where they spend their money or where they need to cut back to make their new lifestyle happen.
  • Higher income people “by accident” get into the habit of overspending, tend to feel less joy because the things are not bringing them happiness, and lose connection with what matters in their lives. A budget helps them to see where their values are by seeing where they are spending their money.

My advice is not about what you should or should not spend money on.  My clients come to me with that figured out and we work with maximizing what they have.  But everyone loses track from time to time.  No shame in that. The trick is just to catch it sooner rather than later and get back on track.

Your partner for financial peace and clarity

Join Our Email List

By submitting this form, you are consenting to receive marketing emails from: Lanning Financial. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

admin [at]

By appointment only:
100 Pine Street, Suite 1250
San Francisco, CA 94111

Disclosure – Lanning Financial Inc. is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Lanning Financial Inc. and its representatives are properly licensed or exempt from licensure. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Lanning Financial Inc. unless a client service agreement is in place. / Lanning Financial Inc. provides links for your convenience to websites produced by other providers or industry related material. Accessing websites through links directs you away from our website. Lanning Financial Inc. is not responsible for errors or omissions in the material on third party websites, and does not necessarily approve of or endorse the information provided. Users who gain access to third party websites may be subject to the copyright and other restrictions on use imposed by those providers and assume responsibility and risk from use of those websites.

2024 © Lanning Financial Inc. 

Copy Protected by Chetan's WP-Copyprotect.