Best Financial Advisors in Indianapolis, IN

Update from Market Street's Drew Feutz, CFP®— "There's no way we spend that much!" This is something that I hear sometimes when reviewing a cash flow analysis with a client. Sometimes there's a good explanation. But I have found that most people have never taken the time to track how much of their money goes towards spending, saving, paying down debt, etc. That means that most people don't know where their money goes. I think it's largely true for both those who are wealthy and those who are not. When is the last time you reviewed your spending to see where your money has gone? I bet you'd be surprised if you did. It's so easy to spend without thinking twice. And it's so easy to underestimate how much you spend when you're not tracking it. This mindlessness leads to so much of our money being spent on things that we don't really value when instead it could be going towards things that we love. I've been doing a pretty good job of tracking our spending lately and reviewing it with my wife. We have the systems in place to reverse budget, which means that reviewing our spending isn't necessary to reach our goals. However, it's a practice of mindfulness that has been eye-opening to both of us. It allows us to see where we have opportunities to spend less and, in turn, spend more on the things that we enjoy. Try it out.