Value Based Spending Leads to Financial Discipline

Value Based Spending Leads to Financial DisciplineCan Value Based Spending Be Beneficial in the Long Run

You look for a source of income so that you can have money to spend for your needs and wants. It can always help if you are always aware of the value of everything that you buy and ensure that it gives you its full utility.

Value awareness is what value based spending is all about. It is highly individualistic and what is of value to one person may not be so for the other.

Your Decision On What Is ImportantValue Based Spending Leads to Financial Discipline

Books may be necessary for one person but not for another. A person can be fond of pets and will not grudge any money spent on them. Others may think this a waste.

You can decide on which of your expenses are value based by a process of elimination so that you agree on the things that give you the most value.

You can then budget for them and reduce your spending on all items whose value to you is limited. You can even base your spending on individual financial goals that you have and examine each item of expenditure to decide on its necessity and the effect that it can have on your goals.

Value Based Spending Can Be A Debt Management Discipline

This form of financial discipline is a way to manage your debt situation and never let it get out of hand.

Value based spending is a way to attain financial freedom and wealth. Make it a habit of considering your need for anything that you want to buy.

Questions You May Ask Before Making The Purchase

Is it necessary?

Can I manage without it?

Will the item I am thinking of buying giving me the use that I expect from it?

Is it in any way going to improve my way of living?

Truthful answers to these questions can set you on the right path and ensuring that every expenditure that you make has been one of necessity and can give you the satisfaction that you want.

There Is No Reason To Be A Miser Whose Life Is Unhappy

Just make sure that your attitude does not turn you into a miser. You still need to live a lifestyle that is suited to you, and one that you can afford.

Spend wisely and you will find your life that much happier.

The following is an article from Garrett Gunderson that was published on Forbes and discusses the use of Value-Based Spending for an entrepreneur.

Why It's Time To Stop Glorifying People Who BudgetWhy Its Time To Stop Glorifying People Who Budget

Ive seen some strange things lately. People are put on a pedestal for obsessing over limiting their purchases. We applaud people who carry around paper envelopes full of cash for each type of expensefood, entertainment, auto, etc. News sites glorify budgeters with headlines like, Look at this perfect couples strict $80,000 budget. Heres my question: why are we glorifying the scarcity-mindset?.Read More..

Garrett Gunderson is the founder and Chief Wealth Architect of, and a financial advocate for entrepreneurs. He is also a contributor.

Below is a video about Garrett Gundersons company Wealth Factory.

[embedded content]How Important Is Goal Setting

If the objective of going in for value based spending is simply to make you rich, this is better achieved if you set specific targets to reach where you want.

These goals must be achievable with your current source of income and level of spending while it still allows you to live comfortably.

Understand that every dollar you spend has a definite value, and you must get its full worth, that is exactly what Value Based Spending is about.

Other Resources On Value Based Spending

What Is Value Based Spending, and How Can It Help You?

Create a Value-Based Budget to Enjoy Your Spending More

How to Have Money to Buy What You Want By Creating a Value-Based Budget

Scheduling Institute Increases New Patients By Up to 60%

scheduling institute increases profitability

Jay Geier founded the Scheduling Institute in 1997 with one purpose in mind: the implementation of personalized coaching and training programs in dental practices all over the world and producing amazing results. Thousands of dentists have entrusted the growth of their practices to the Scheduling Institute and the results are visible for all to see. The dentists have enjoyed an increase in the number of new patients, better returns on their marketing investments, and a boost to their overall production. Jay Geier has been revolutionizing dental practices all over the world has for the last 25 years by increasing their number of new patients from 10% to 60% in just 2 to 3 months.

Dental Economics talks about it here:

Now we all know the lifeblood of every dental practice is NEW PATIENTS. I wanted to know more, so I contacted Jay and ordered a set of his audio tapes. On a drive to Amarillo, Texas, I listened to a very passionate Jay Geier present his system for not only attracting new patients to a practice, but also how to get them to schedule their initial appointments and show up for those appointments. I had to meet him in person and I arranged to do that the next month while I was at the Hinman Dental Meeting in Atlanta. Jay and I had a delightful dinner together where he explained to me how his program worked.

It is no wonder that Geier has been able to help such a large number of dentists. He came up with a team of over 40 highly qualified and certified training specialists. These persons are the experts scheduling institute increases profitabilityon getting your staff excited, engaged and focused on results. They travel nationwide as well as abroad seven days a week, 365 days a year to make sure that each practice has the chance to learn Geiers proven strategies and enjoy extraordinary growth of their practice.

In just 2014 alone, the team of certified training specialists implemented strategies for practice growth in over 2,694 offices globally. This is an average of an incredible 247 pieces of training every month, and this is more than any other practice management consultant. With over 100 dentists joining every month and thousands of others already working with Geier and the team at the Scheduling Institute, it is clear why they won Townie Choice Awards from rental town seven times in a row.

Visit The Scheduling Institute on Facebook for their latest news and updates.