The saying goes, “The best laid plans of mice and men often go awry.” No matter how proactive we are about making a budget, growing our income, and planning our investments, poor spending decisions can wreak havoc on our personal financial plans.

So how do we avoid poor spending decisions? This article from offers some advice.

To start, make sure you have a very clear vision of what your money is for. Having a purpose, even writing down a goal that you are working towards, will inspire you to hold back on the more reckless spending we are used to. When you know that money in your bank account is for the rent at the end of the month, it makes it that much more difficult to spend a chunk of it on the latest gadget.

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