PennyGem’s Elizabeth Keatinge tells us how to become financially flexible.
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00:00 A healthy balance between planning for today and the future.
00:07 That's financial flexibility.
00:09 You may have many things you're saving for, buying a home, having a family, etc.
00:14 But you still want to enjoy today.
00:16 It may feel like you have to put every penny towards your saving goals and aren't being
00:20 spontaneous or enjoying your day-to-day life.
00:23 The key is having a budget for those fun events.
00:26 Yes, they deserve a spot in the budget too.
00:29 As financial advisor Ashley Brussaux tells CNBC, "Factor in the things you really care
00:34 about.
00:35 A friend's upcoming birthday, travel, dining out.
00:38 Budgeting to include events that bring you joy makes your budget more sustainable."
00:42 And hey, it might even make you better at work too.
00:45 According to the Personal Finance Education Fund, stress over not being financially flexible
00:50 causes employees to stress at work about money, taking their mind off work.
00:54 Getting your work done in an efficient manner because you have something to move forward
00:58 to after work that you budgeted for is so much better for everyone, right?
01:02 (upbeat music)