Episode 3: Stop the Leakage - Taking Control of Spending

Episode Title: Take Control of Spending

Summary: In this episode, I address managing expenses amidst economic uncertainty by focusing on what you can control: your spending habits. The crucial first step is auditing your past year's spending to understand where your money goes and calculate your cost of living – vital for financial planning and retirement. We discuss analyzing spending for surprises, the impact of life events and inflation on your cost of living, and using tools like the Escape The Clock planner to project future expenses.

Key Talking Points:

• Economic factors affecting the cost of living and the importance of focusing on personal spending.
• Auditing past spending to identify patterns and calculate your cost of living.
• Understanding how inflation and life events impact future expenses.
• Using financial planning tools to project your cost of living.

Explore Escape The Clock Resources:

• Book: www.escapetheclock.com/book
• Planner: www.escapetheclock.com/planner
• Videos: www.escapetheclock.com/media
• Consultation: www.escapetheclock.com/schedule
• Other Resources: www.escapetheclock.com/resources

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Thank you for listening!

Important Disclaimer: This information is for educational purposes only and not financial advice. Consult a qualified professional for personalized guidance.